HelloI am a novice investor and wanted to understand when is a 1031 suitable to do and whether sometimes it is more suitable to just pay the taxes especially with the current uncertain economic environment and governmental restrictions and difficulty in rent collection.

This post is not meant to portend “doom and gloom” but rather to point out in these uncertain times there is at least one thing we can be pretty certain about and thus plan for.

Covid has been a reason to outright cancel rent collection and evictions, thanks to executive order on a federal level as of this past weekend.I do NOT want this thread to turn to politics (Save it for facebook lol), but, and I'll keep this macro, we are looking at a presidential candidate and party who are increasingly villainizing landlords, floating ideas of a 25% "flip tax", and a litany of other legislation and taxation that would seemingly destroy private sector residential real estate for many of us small business owners.I have been contemplating liquidating NY assets based upon this looming potential doom and gloom.

Hi, Does anyone know whether any legislation passed for COVID thus far can be applied to help rental property owners who are losing money due to lack of tenants?  

The numbers are uncertain and the areas affected will vary, but people facing a loss of income around the world is unquestionable.

The current legislation is permissive to new short term rentals. 

You may have done this already, but check to see if the city (or county, if it's outside of town) has any breed-specific legislation on the books. 

The following is a brief summary of the law from a property management website - https://gpmsf.com/how-to-handle-roommate-changes/"Occupancy Numbers in San FranciscoIn 2015, the Board of Supervisors passed the Jane Kim legislation, which basically says landlords have to allow as many occupants in an apartment that health and safety standards will support.

The outlook for the economy and CA's eviction moratorium are too uncertain right now.

This has made my financial model difficult and uncertain.