I've been diving into real estate for a while now and always love meeting others who are navigating this crazy, but rewarding, journey.Looking forward to learning from everyone, swapping ideas, and hearing about different strategies you all are using.

I have posted about it previously:https://www.biggerpockets.com/forums/51/topics/831924-beware...https://www.biggerpockets.com/forums/51/topics/1191846-cauti...Here is one more example, this time from a presentation made to CPAs by a prominent cost segregation company.

Would love to meet and exchange ideas, especially since I'll be leaving the state in about a year.

Quote from @Henry Lazerow:My guess is most of the deals selling go to newbies who have no idea what a rehab really costs or that once you open the walls the costs often go up 10's of thousands so you need a solid margin to make money. 

Like any topic you have to put the time in and learn.  

As far as I know there isn't clear guidance on this topic from the IRS, but most professionals take a similar view as Melanie above.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Quote from @Olga Nadal: Here is the situation, we identified 3 properties for our 1031 with the idea of buying two and having a back up.

Quote from @Chris Seveney: Quote from @Michael Dallas: Quote from @Chris Seveney: @Michael DallasThank you for the input that would definitely be a great idea.

Hi Brian, great topic and question.I'm personally totally against negative cash flow.