(So if the deal fell through I would have time to list 3 other properties I might buy.)Good luck. 1031’s are an insane tax advantage and Dave is very good at what he does. 

well. lower tax's generally helps RE and business as a whole. will have to see if they come up with something specific like the cost seg rules that are redy to sunset.

Also, for a general partnership, how do we report the taxes.

Hi @Turgut OzMaybe check for a Tax Pro at the top of this page?

@Nakul PatelCalifornia is generally more cumbersome than other states when it comes to taxes and filings.

It was our primary a few years ago and we decided to sell so we could escape the capital gains tax.

I get the tax benefit of rentals and more liquidity of lending.

Last two loans I did they did an Mai at no charge and they forgot a floor plan and had to get a one off for that one and no charge.. only thing we pay for is title insurance and escrow fee and property tax's and transfer tax if any.

Before doing anything get tax and legal guidance

We will continue to have an influx of transplants from high tax, high regulation states like CA and NY.