So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also. 

There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.

Ive owned a 3 family in Fitchburg MA for 4 years that has done exceptionally well with it, living for free in one unit for a while and constantly upgrading the property over the years.

We host a free real estate meetup the first saturday of every month if you are interested in coming and meet some awesome real estate investors who are looking to do their first deal to savy seasoned investors.

If you have any questions about market analysis or how to get started, feel free to reach out.

I do intend to stay close to home - but home provides only annual opportunities and I’m looking for year round possibilities with tax deed properties. 

What's even more frustrating than asking the IRS help desk, is asking a Turbo Tax "Tax Specialist".

I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible. 

free standing subway?

I'm hosting a local meetup in Mankato, feel free to shoot me a message if anyone is interested in joining!