This experience has led me to re-evaluate my investment strategy.Therefore, I'm considering selling my Missouri properties and using a 1031 exchange to invest in new opportunities. 

It is currently on the market and we are working with a qualified intermediary  for a 1031 Exchange and looking for financing for two to three new properties to buy and hold for the children and their children and beyond. 

Also if owned outside qualified accounts, that depreciation would defer income, in fact, if you consider a 1031 (available to direct owners, not so much to me in syndictions) you can keep exchanging and your heirs get a step-up in basis; the tax on the gain is never collected.

After a few exchanges this afternoon, she’s said to be working on my request (as if the request is new and isn’t 45+ days old).

We then talk about logistics for our upcoming relationship; how to pay rent, how to submit maintenance requests, emergency maintenance request process, HOA restrictions and violations, confirm they have switched utility accounts over, and other pertinent facts about how we manage homes.Finally we collect move-in funds and exchange keys.Welcome to the game!

If you develop skills, you can also trade knowledge for cpa or bookkeeping work in exchange for your knowledge or help.

DM me to exchange contact info. 

I am tasked with finding a property in a short amount of time via a 1031 exchange.

Planning, such as selling in a year with lower overall income or using a 1031 exchange, can help minimize this tax.

I own two fully paid out single family homes through a 1031 exchange, my original thought process is to keep them long term since that's been what I've done in the past, however I am contemplating changing my strategy since I'm seeing a lot of movement in the local real estate market that people are flipping them within a month of their purchase on the home.