You can only qualify for the 1031, if you hold the property as investment/ trade or business.

Wanting to trade up into larger buildings is effective all things being equal there are definitely economies of scale, and personal preferences too.

I have about 20k to my name and I dabble in a fair amount of investing and stock trading.

In fact you can have no trade-lines at all and still qualify. 

Not a bargain IMO, as I’m not sure what the market value would be as a tic. 1- it’s really tiny, this isn’t HK, Singapore or even Manhattan and not a lot of tiny units trade hands in SF. 2- it really depends on things like the entrance to the unit, garden space, etc.  

For all of the items that require a permit hire those trades separately.  

("Typically, a payment is considered “non-employee compensation” if it is made to: (i) someone who is not your employee; and (ii) for services in the course of your trade or business.")

More so than Bitcoin can ever aspire to be, there is a fixed, extremely limited quantity of land.Property holders divvy it up among themselves in exchange for "valuable consideration".Thus, the term, Real Estate.

It would be cool to trade notes... 

So it seems like it really comes down to weighing those trade-offs based on your business plans and goals.Was there anything else you learned after starting to invest in KCMO that surprised you or that you found interesting (whether in a good or bad way)?