Imagine finally getting to the front of the line after several months of waiting, only to have the liberal judge eagerly dismiss your case and make you start over from the beginning.

Every once in awhile the judges can be a little to liberal but for the most part it's no nonsense when it comes to eviction.

If each property was cashflowing $1k/month (a very liberal number), that's $420k cashflow 2015-2022.

The occupant is a previous boyfrined of the seller who claims he and she were/are married, even though no legal documents exist of such marriage.Regardless, this is now in family court where they take forever, are very liberal and loose, and judges shy away from making a permanent decision one way or the other in a case such as this, which is very uncommon.

Furthermore, the Internal Revenue Service has also taken the position that if the replacement property is sold immediately after your 1031 Exchange transaction is completed then it was not held for a sufficient period of time to qualify for 1031 Exchange treatment.Little Definitive Authority on Holding PeriodWhile there is no actual holding rules or regulations and very little definitive authority on a holding period, in one private letter ruling the Internal Revenue Service has stated that a minimum holding period of two (2) years would be sufficient to meet the Qualified Use Test, and a number of court decisions have also taken the same position (although they have been somewhat more liberal than the Department of the Treasury and the Internal Revenue Service).Intent to Hold is Important FactorThe period of time that you hold title to the property, although important, is not the only factor the Internal Revenue Service will use to determine whether you had the intent to hold the property for investment and therefore qualify for 1031 Exchange treatment.

I checked local sold listing, the IRR is about 7-8%....sometimes there's jackpot of 20% IRR, but very rare.Just invest in QQQ was better lol

But the skeptic in me says this is almost the first time (that I can recall) a liberal state and cities (LA, SF etc) would revert to a conservative economic approach (supply side economics) to fix a problem vs a rent control or government controlled type solution.If this is the case and they really ARE allowing an increase in supply to help drive down over all cost vs attempting to impose government oversight I would sell everything and leave SoCal.

Courts have been more liberal on the issue of how long a Taxpayer must hold a relinquished property to prove investment intent (See 124 Front Street Inc. v.

I am considering an 8 unit building, and given the all of the trash created naturally, and the nature of it being located directly across from a liberal arts school, I am picking up that bill.

Trees are better used to recycle my carbon dioxide exhales back into oxygen.I'm not a West coast tree-hugging liberal.