so you can chose to lose money now, or chose to lose money for the indefinite long term future.Ever heard the phrase "rip the bandaid off"?

The downside I see with 1031ing is that it forces me to get into a relatively move-in ready property since I can't roll my equity into rehab.The upside for paying gains on my equity is that I have the flexibility to sit on the cash indefinitely while looking for a sweet deal, and could buy something that's needing some love, and have the cash to make it happen.A little about me and my goals:-My risk tolerance is about 5 or 6 out of 10.

I'm not sure where the problem would be if the girlfriend keeps earning a high income indefinitely.  

The turnkey sounds very thin, 250$ mo cash flow for 70k+ of cash tied up indefinitely??

Bottom line is the explosive growth of the last several years is not sustainable indefinitely.

I have friends still paying off their student loans, moving back in with their folks indefinitely, and working at Chipotle.

You could defer the payment of these taxes indefinitely if you continue to exchange throughout your lifetime. 

But if you have to sell then a 1031 exchange will still allow you to indefinitely defer all tax on profit and depreciation recapture.And the holy grail would be if you could move in for another half a year. and then back out for a bit and then sell you'll not only get the first $500K tax-free. 

Are you able to hold the property indefinitely if the property loses 10% of its value overnight due to market forces?

I am all about the customer, but when Airbnb forced hosts to give refunds indefinitely during COVID, no questions asked, we felt that to be completely unethical:Airbnb was essentially placing the homeowner in the position of insurer, with the homeowner absorbing all of the financial brunt of cancellations.