Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that? 

The property owner's tax professional can help them with that and ensure they don't pay taxes twice on the same income.Disclaimer: My advice/opinion in this post is just that, my opinion.

This will help attract more business to the state, keep it coming! 

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

I'm not familiar with Canadian regulations but you should look into how you can get access to money if you don't have any.

Also, I’m pretty new to this but I’m assuming you’d have to have an LLC in place to accept hard money or money from private lenders? 

@Dallas Morioka why use your own money when you can do seller financing. 

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.

I do like the tax benefits and leverage.