However, beyond that if they are honest in assessing themselves, they might choose to hire or partner with people who can fill the other roles needed such as a realtor, accountant, lawyer, etc.

My California tenant has initiated his monthly rent payment ($2100) to pull from his Chase account on March 14 through my Avail PM system, but I will not be receiving it until March 19. 

(Most notably, they've gotten REPS aggregation all mixed up in the past.)Based on the regs seems that:- 1245 ordinary income recapture applies to some forms of property that qualify as "real estate" for 1031 exchange purposes- 1245 recapture on such "real estate" overrides 1031 deferral such that 1245 depreciation is recaptured to the extent there's a trade down in 1245 property in the exchange@Heidi Kenefick There are many additional mitigating considerations worth discussing in conjunction a real estate tax accountant.    

Check with Account Closed about all this, but also an attorney!

Why was previous owners not held accountable,  and now we are stuck with all this to do? 

I took a 15 year mortgage at 5% for $500k and then invested that payment for 15 years into an account earning 8% vs person two who took the difference between the 15 year payment and person twos payment on a 30 year mortgage at 6%.

Account Closed There are placement firms who provide this service.

Best to open an HD and/or Lowe's professional account and have them buy things for your project via phone sale.

With my background in law, currently studying in Indonesia, and my experience as a real estate agent, I’ve seen firsthand the opportunities and legal considerations involved in such investments.

Happy to answer any accounting questions you may have.