PS My realtor did me a solid and listed the place on that network for free and isn't taking a commission, but as a trade off I'm kinda on my own as far as finding someone when leads come in.

A 1031 Exchange is a real estate transaction that takes advantage of a Federal tax law, so the state you do it in is of no consequence.

With margin trading of 20-25% of initial investment, when stocks market collapses with dollar cost averaging as a strategy  , leverage of the initial investment in stocks, the AAR can be more.comparable to most syndication (compared to 20% down payment in real estate).I have been following BP forums for the last 4-5 months and have spent almost 4-500 hours.

Income from a trade or business where a taxpayer doesn’t materially participate.2.

Marvin has no money, knows no trade, did not finish high school. 

Most landlord businesses DO qualify as a "trade or business."

There are multiple billions of dollars traded every day.

If real estate with proper fundamentals is purchased well and appreciates, there are a few avenues to pursue:  LTCG tax treatment on an eventual sale;  deferring taxes through a 1031; or a refinance where there are no tax consequences.

This could encourage unpermitted units which is not the intent of sb13, but an unintended consequence.

Big military base and probably lots of border trade if that continues.