A 1031 exchange is a smart choice for your parents, reducing immediate taxes to $70K (capital gains on $300K boot + $25K depreciation recapture) versus $148K without it.

Looking for some advise if it is right choice to additional capital to this investmentHere is how I look at a capital call.

After talking with an operator I felt he was a good choice for a tenant and he mad a great offer above market for the apartment so we agreed.In the past I would usually rent my own units and to stay competitive I would keep an eye on the rentals in the area and try to be one step above if I could....This time that was a little tougher as the neighborhood hasn't gotten very trendy. 

All the partners must agree to make the choice, and the partners must be able to figure their own taxable income without figuring the partnership's income.  

If you decide you need a third choice and didn’t choose them already.

for folks in So cal  I think Vegas is a great choice   1. you can drive there   keep in mind flying to other parts of the country to check on property is going to eat up 1 months rent if you go annually.2.

It's always a personal choice everyone has a different perspective.   

You are invested, you are investing, you have control, direction, a say, impact, choices.

I just wrote an offer for full asking price at 30 day close, with a contingency to extent at BUYERS choice for 30 more days if I don't get an favorable response on the electricity install costs.

Otherwise you’re saying you expect other people to subsidize bad choices over and over again.