Use this example for the book, and send me a free copy :-) https://www.pressherald.com/2018/08/25/portland-landlord-reports-to-jail-for-conviction-in-fire-that-killed-6/#This landlord was known as a "cool" landlord who let his tenants do what they wanted. 

Before that happened he assaulted her (he was convicted over a year after the incident and is currently serving his 25 years before he can be eligible for parole). 

The justice department is actually going after landlords who are discriminating against renters who have criminal convictions. 

Also, if you've been convicted of dealing drugs out of your house, please include conviction paperwork. 

Comes in handy for that one guy out there with several financial related convictions on his record that almost slips by and gets a blanket loan (Feb 2016). lol 

@Justin Green I have went through the same struggle with a convicted Felon.

What to do when you get denied a hard money loan because of a 25 year old, felony conviction?

If this is the path you choose, then do it with conviction.

But, in the absence of a crystal ball, decisions require a combination of nuanced, objective tax expertise, along with some subjective convictions regarding the future.A 1031 exchange will allow you to, generally, sidestep depreciation recapture.

I also wish I would have had your conviction to plunge in head-first.