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. 

., quoting 91 NY Jur 2d, Real Property Sales and Exchanges § 204).

Just note that you guys may end up in what I call the "1031 exchange until you both die" cycle.

What currency do you get paid in?

Quote from @Marcus Welson: Hello everyone.I'm trying to breakdown how an IRS 1031 extension notice applies to a 1031 exchange.

Bought a place a few months ago on market while doing a 1031 exchange..

I think long term it can make sense especially if you can 1031 exchange into something down the road. 

And the condo debacle in FL will be churning for quite a while as these rogue HOAs try to get realistic with deferred maintenance, new requirements, and freedom for people to use as they need to afford them.One thing to consider would be to 1031 all of them in a consolidation exchange. 

Quote from @Ian Ippolito: Quote from @Michael Plaks: Quote from @Ian Ippolito: Quote from @Rud Sev: 3) Unless you're doing a 1031 exchange  at the end or similar tax structure to defer taxes, you will have to *pay back* all that depreciation benefit at the end (on sale...which for you is in 5 years)  via depreciation recapture.

Hi @Ben Lindquist, The 1031 Exchange Qualified Intermediary is a crucial part of any successful 1031 Exchange transaction.