While a 1031 exchange can defer the recognition of a loss, it's generally not the best option unless there are specific strategic reasons to do so.

@Greg Scott we're still seeing many competitor ads that violate the new law:(Not sure how so many "professional" PMCs missed this!

Thanks so much for the advise, I'll definitely look into it. 

I don't own in Scranton a lot of properties, But I still think 2K is a bit overpriced Especially if you make your tenants pay utilities, But I might be wrong, just wanna make you aware so you make sure before you go into any deal. 

I assume many people here do their own cleaning when they got started so maybe it’s well known by people who aren’t me?

Considering buying the corp so avoid land transfer tax - that might help with the numbers.

.💰 Financing is available—10% rates, $10MM+ loans, and builder deposits covering 10-15%—so how are you structuring your deals to minimize out-of-pocket costs and secure takeout contracts?

For many years we did have turnover every year, so that was a good number. 

I also am aware that we are increasing our net worth through real estate, but we are paying so much in taxes and cannot claim the renovations or improvements on the properties we own due to our income.   

Here’s why selling your primary residence to your LLC and then renting it back isn’t a good idea from a tax perspective:Self-Dealing Doesn’t WorkFor tax purposes, a single-member LLC is considered the same as you, so paying rent to your own LLC is basically just paying yourself.