And they will move into a property where the tax has been and will continue to be deferred indefinitely.

If you use the personal car, make sure to keep detail record so that CPA can prorate the expenses between personal and business.

The extra above the 40k that you put in we would pay my dad 6% interest only until his principle was returned or indefinitely depending on deal and then divide up the rest 50/50. 

Yes, Los Angeles's real estate market is so expensive that it feels out of reach indefinitely for now.

That is with a "Buy and Hold" strategy and begin the passive income coming in. Definitely

Ouch.. 200-300 dollars per month for an indefinite period of time that will never compound in your favor...Consider looking for a duplex, triplex, or quad in your target neighborhood that cashflows.

As such, I'll never personally tie myself to something indefinitely unless it continues to prove it's value on regular re-evaluation. 

No 1031 timelines and it is possible to defer all tax indefinitely, depending on what you do with the funds.

If you get great deals on the property you buy, you do a cash out refi and pay off your heloc right after closing and continue that cycle over and over indefinitely.

Or is it indefinitely?