If you used them to purchase another rental/ use for another business endeavor...the process starts over. 

Hi everyone!
I own a 6BR short-term rental in Estes Park, Colorado, which generates a lot of laundry—especially because we use high-quality linens. We’ve tried off-site laundry, but our sheets get mixed up and replac...

What the IRS is concerned with is when you are doing a 1031 and want to purchase a property from a related party. 

Quote from @Daniel Green: Hey everyone,  I'm Dan, 35 here, I'll be able to make my first purchase in summer '26.

Generally, cost segregation makes more sense on larger assets.  

I plan to purchase a primary residence, multi-family home (2-5 units, 'house-hack'). 

Would it be buying more of the same type of properties or expanding into larger properties?

The tax is based on selling price minus purchased price.

Make sure your real estate agent isn't just about closing that one deal but understands the benefit of protecting you on each purchase to ensure that you keep buying because you are enjoying success.  2.

Quote from @Parker Bullard: I'm looking to purchase my first investment property and need help figuring out a strategy that will work for me.