This exchange would function in the name of the Partnership and said partnership would acquire separate replacement property that would be allocated after purchase to each of the owners individually.

In the meantime the seller has not bothered to get a quote on floor replacement or repair.

I called to get ins they had me replace roof , cut grass total $7200.

Replacement cost.

I will be doing some renovations in order for this property to be move in ready (repainting and replacing all flooring).

For a rental, I can see replacing or repairing a unit being deductible as expenses and property improvements.If I am going to be wealthy someday, I do not want to have to wait two weeks for someone to fix my AC when it goes out in my house, and I do not want this for my renters either.

We have a goal to scale our business within 5 years to 10 properties or so, with a ultimate goal to replace our day jobs with real estate income.

In fact, it is often shocking to see them leave behind personal photographs or other things that can't be replaced. 

I am an ambitious retired network engineer who started that career after closing down my first business which was in the automobile industry، sooner later I developed an interest in investing in my property and other ones by using Airbnb. it was a really funny story to begin but you know that after one year I would be managing 33 luxury apartments distributed across one of the fastest growing communities in my country.

I also have contractors, engineers, investors, lenders, etc. that I pop in on when I don't know the answer to something, and others that just have different experience in a niche I want to learn about.