I went searching for this topic in the forums but have not had much luck...When purchasing the replacement property via a 1031, is it possible to use some of the excess funds within the 1031 to perform repairs on the new property?

Whether flipping or buy and hold, the deals are drying up for everyone it seems. 

My goal is to show as high of income as possible to buy real estate without paying excessive taxes. 

The existence of a dry cleaner business on the property will likely throw up a red flag. 

I was making in excess of $150,000 annually without going out the door and with no reduction of principal.

I'd say there's great opportunities in every market however if you're not educated on how to play at this point in the cycle you should sit on your dry powder for a while.There's a lot of dumb money in the market that will get transferred in the next correction. :)

Contracts are pretty cut-and-dry and easy to follow, especially for an attorney.

Unless Amazon moves into the RE market, and starts stacking shipping containers, renting them to millenials as studio apts, and undercutting me on price, I'm going to be good. 3) On the other hand, if liquidity dries up nationwide, as it did in 2007-9, I suppose the worst case scenario is that my bank doesn't want to refinance a few of my 5/20 year/am term loans.

The combination of cash flow and appreciation is just too sweet.Even the middle segement 300k to 400k is dry.

You would have negative cash flow and your great investment income property would be a major liability.Nothing wrong with hoarding excess cash when you are filthy rich but in your situation this would be a serious mistake.