Some will want to be on your team, and some will want to split profits with you in exchange for funding your deals. 

Thinking of selling and 1031 to something else.

Start building close to home and you'll have such great appreciation by the time you're ready for the cash flow to be $20k a month you can exchange out of the low cash flow, high appreciation California market to wherever you decide to retire. 

And with more equity, you can 1031 into a larger property and grow your net worth.

Transferring a 1031 exchange property into an LLC shortly after purchase typically won’t trigger immediate tax consequences for your wife if the LLC is a disregarded entity, as you file jointly.This post does not create a CPA-Client relationship.

And it's not uncommon that investors get a little nervous about the time frames when doing a 1031 exchange.

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

You could also do a 1031 and trade up, could get into a nicer area

If there are any community members that are local to Westchester County or the surrounding area and have time to meet up and share experiences and tips, or even have projects themselves that I could provide some help within exchange for the guidance please let me know!

So I dont know  ZERO cash flow for what 25 plus years pay 300.00 a year in prop tax. so spent what less than 10k to own it then cash out and 1031..