The issue imo with DSTs is that you’re buying into a market where a lot of commercial RE is presently priced high, and some is going down in value too.You should do a thorough analysis of the tax impact. 1- definitely try to time sales into two separate tax years2- I’m unclear why you expect 30% cap gain hit.

This is the sledgehammer to be used only if this is a major issue for you and you are willing to take the cash flow and renovation impact now.I would do #1 and #2.

You could probably afford $20,000 without much impact on your budget.

You will have to get the alderman on board (politics..) and then the neighbors about hours and parking..It's a cool project, it feels like you make an impact on the community, but I would only do that if I had too much money, nothing to do with my time and looking for a proper challenge.

Also, if in the future I ever do need to redo the main line it'll be more expensive (L&M increases), I will have already likely spent thousand installing and maintaining the pump, and I'll have more tenants impacted by a sewer construction project (currently a 3 unit but will be a 5 unit at that time.)Help.  

Because real estate get's greatest governance and impact at LOCAL level, not state.     

Syndications are only suitable to players who have experience with deep due diligence, basic understanding of fraud prevention/detection techniques and enough real estate experience to understand the market, macro economy and how those factors will impact the investment. 

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances.

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances.

Just understand that the cabinets have a big impact on your budget as well as how your kitchen looks.