Is there any specific area where you could use some support or advice?

The seller's LLC pays capital gains tax and depreciation recapture, while the buyer's LLC uses the purchase price as the new cost basis.

Quote from @Steven Catudal: Hi all,I am looking to partner with a friend of mine to purchase some rental properties.

Once they exercise seller financing, the property is sold and all 1031 rules apply. 1031 has specific timelines.

Hi Benjamin, I'll shoot you a message and we can connect to talk specifics. 

I have 23 properties in Kenosha and earlier this year purchased two duplexes in Racine.

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I purchased my first home through NACA to actually live in and I'm curious on how to build my RE portfolio from here.