I was also in IT field and working as a QA Tester for 17 years and quit the job for good 2 years ago, As my real estate investments are giving passive income..

This opportunity has allowed me to not only gain great knowledge about parking, but commercial real estate as a whole.

I'm just wondering how to handle the capital gain tax between me and my partner.

Passive investors who are willing to go out further on the risk spectrum, in exchange for higher potential returns.Short answer: banks won’t give all the capital needed to execute no matter how good your relationship is.

Is it better to use "involuntary conversion provisions to take a deferral of the gain on the loss of the previous roof assets and continuing depreciating the prior assets as is"?

Am I subject to any tax or capital gains tax on that 100k?

I thought this was strange, and they commented they wanted to buy it because they had a large gain and wanted to buy it to offset these gains.This was an immediate red flag.

It will probably be helpful to share our knowledge and work towards the same goal.I’m also open to helping out in other areas to gain experience/knowledge in the field so if you need a hand please don’t hesitate to reach out.Looking forward to meeting you all and excited to join the Bigger Pockets Community!

You have areas where property taxes are going up too fast based on the over valuation of properties  ( tax on unrealized gain ) .

Then start finding properties and I would encourage you to lean towards finding less riskier versions of that strategy at first and get your feet wet, and after you gain some experience you can start evaluating different options and offshoots.