Consult with a qualified tax advisor who understands these limitations and can help develop a comprehensive strategy aligned with your specific situation.Remember: The best tax planning looks beyond immediate deductions to your complete financial picture.

Start by leveraging your skills to identify undervalued properties, perform cost-efficient renovations, and build sweat equity.

We’re developers managing our own portfolio and don’t have any outside investors.  

Focus on cash flow to align with your long-term goal of a remote ranch, and continuously educate yourself while networking to identify opportunities and partnerships.

However, if you can identify a reinvestment opportunity that offers significantly better returns or aligns with your goals, selling through a 1031 exchange could make sense.

What folks should be doing is developing the understanding enabling them to build their own tools.

Too many people are sleeping on this.Kentucky Economic Development has many site ready properties in smaller areas that are ripe for rentals. 

The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here.

I looked into this at more than one occasion, because Milwaukee has such an old housing stock, everything is 60-120 years old.Most of the new apartments we see are 4 and 5 star developments with very high rents, this allows to offset the high cost of construction a little better.

Identifying these trends and targeting high-demand areas can yield solid returns.Long-Term Stability: Real estate has historically been a stable, appreciating asset class.