I went with Cornerstone Davis Kangas took care of the 1031 exchange.

Exchanging out of a property you’ve fully depreciated. 

Best way to scale and build wealth is to 1031 exchange and I can help show you examples here in KC. 

Honestly I never know precisely, as I'm constantly buying and selling, and frankly I neither know or care.

My immediate goal is to acquire our first property and spend the next two years mastering the basics of real estate investment. ( Refining the Go and No property search criteria/ Learning the value of taxes and avoiding them as much as possible/ 1031 exchanges) Depending on my wife’s career orders, we may remain in Baltimore for 1-2 years, but I’m also exploring opportunities in West Texas, Sierra Vista, AZ, and Houston, TX.

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

I want to find something local (Los Angeles area), move in, do small renovations to possibly build up more equity, do a 1031 exchange, and find something better. 

I would reinvest in a another property and use a 1031 exchange to detour taxes.   

If you could be more precise, you will get better responses. 

I’d love to hear your thoughts and maybe exchange ideas on how we can leverage these advancements.