Reverse 1031 Exchanges are more complicated and have higher costs, but can solve these problems. 

It was mostly due to my day job income and low cost of living over a long period of time; however, real estate accounts for about 50% of our income through a small portfolio of short, mid, and long term rentals. 

From my experience, mentorship can provide structure, accountability, and networking opportunities, but it often comes at a high cost.

.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

P.S; We live in Wilmington NC so both markets would be "long distance" P.S.P.S there are no reasonably priced multi family properties local to us.

Note that legal and transfer costs are not deductible but can be added to your cost basis.

We haven't event gotten our minds wrapped around cost segregation and depreciation, and our current CPA doesn’t seem to have a handle on these concepts either … 

The only way to know if your idea is worth doing from a wealth building standpoint is to do the math:  What is the cost to acquire?

I would encourage anybody with an SDIRA to consider switching over to a Checkbook IRA for some of the following reasons:1.

I know in Philadelphia if I had a 2 BR house it would be viewed favorably by tenants who are seeking 2 BR living situations because most inventory will be apartment style living and for this reason would achieve a rent premium.