Bonnie nailed it.

The “cost basis” is a little complicated, but essentially you’ll owe taxes on....1) the depreciation recapture and cap gain you deferred on the sold property, plus2) depreciation recapture and cap on the replacement property you are now selling.Remember, a 1031 simply Defers reporting of the gain.

Do you have a cap on what I pay you?

I just wrapped up an experiment, taking a new agent and doing $100k net income in 100 days, and nailed it!

Furthermore, there is no cap on your operating expense increases.

Investors don't paint every wall, lay every tile, or hammer all the nails.

Mississippi has a cap on late fees, and the allowed amount hasn't encouraged them to pay on time.Thanks for your help!

Other benefits include:30 Year FixedLLC vesting allowedNo cap on the # of rentals owned Rates in the 4s/5s for the most part

I'm currently trying to get all my ducks in a row before nailing down a deal.

@JD Martin hit the nail on the head with "Chances are that posters who don't try to buy or sell anything from/to you are probably honest straight shooters".