You'll pay tax through the nose because all of the accelerated depreciation will be recaptured without the 1031. 

That is a good place to be when most other asset classes are taking a nose dive. 

Find out if your Section-8 and your locality will let you glass block the basement windows vs the bars.I like grey (cement floor) paint on the floor, a little darker grey on the wall (4 blocks up), and ceiling white on the top blocks to make a horizontal feel to the whole basement.And to paint any columns or sewer stacks wall grey, and put a light over the machines.Whatever noise the dryer makes is probably cutting down it's service live--so a fix there might mean money in your pocket in the long run.Hard nosed inspector--(could be worse), what else can you do other than comply and hope the next inspection is as good as gold.Good Luck!

Thumb your nose at a tax bill you don't have to pay in the 10's of thousands and stick with a negative ROE asset, praying it continues to appreciate.  

Experience is a...hard nosed teacher sometimes...

If I thought I'd be stuck in this office for the next 40 years, I'd probably have my nose up my bosses *** like everybody else I work with.If you are strictly doing flipping, this can be a very tough thing to determine.

I was so frustrated not to mention running low on funds so I put my nose to the grindstone and worked, worked, worked.

Dont thumb your nose at any job.Also coming from a wow player from way back in the day when boss battles use to last hours not just minutes.

I know once I see one successful transaction done then that’s be concrete for me to jump in nose first.  

It is almost a cut off your nose to spite your face situation.