@Jake Hughes A 1031 exchange is a great way to indefinitely defer all of the capital gains taxes, and gain access to that tax to use over time for your own benefit.

A 1031 exchange defers all taxes by reinvesting in a like-kind property, preserving capital for long-term investments but adds complexity and future tax obligations.

I don't think a gift card is necessary at this point, but if you can exchange addresses and phone numbers that would be great.Think like a neighbor....they are going to be worried about parties, noise, trash, etc.

@Li Li, Since the 1031 exchange will allow you to move into any type of real estate anywhere in the country. 

You can exchange 1 property into multiple properties in locations and any asset class (farm, office, single family, multifamily). 

From utilizing 1031 exchanges to offsetting gains with losses, the right approach can make all the difference in your investment journey.

Another consideration is that if you do a 1031 exchange back out of CA the state is a "claw-back" state so CA will try to get their capital gains eventually.

Joint Venture: Team up with an investor who can contribute capital in exchange for a share of the profits.

You've also got 30k of equity in the property that you created, which you're choosing to leave tied up in exchange for that $100/mo.

For one, it's gonna help you position yourself with the value exchange.