AI tip 2: a friend of mine wrote an app (beta) for landlords to market themselves on a regular basis by soliciting reviews from tenants.

It has since been replaced with a regular shingled roof because of the noise.

The management fee itself is 0.5-2.0% fee which is expensive.I've compared many Deferred Taxes Strategy: 1031 vs 1031 DST/TIC vs Deferred Sales Trust vs M453, the one that is applicable for a regular people is actually only 1031 exchange.

I've had one recent multifamily deal in Florida exit with a 32% IRR and one hotel deal in Atlanta refinance and return 110% of the original invested capital through dividends and the refinance and the hotel continues to make regular 16% distributions.  

This is due to bonus depreciation which allows taxpayers to deduct 100% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

Some "regular" companies also just like to spit out high dividends.

Both of our employers now offer roth 401k contributions instead (with matching going into regular 401ks), and I may take advantage of that too, but another small hit to cash flow.At some point, do you just suck it up and take a 10% penalty?

For a regular 1031 you will find a range of prices from 900 ish to 1500 ish for a complete exchange. 

@Nadia Jones Starting and running a fund is a separate business because it's something that you need to actively market for and regularly work on attracting capital to invest in. 

Transitioning from builder’s risk to a regular property insurance policy might be the way to go if the sale takes longer than expected.