The agreement reached was the landlord would lower $100 of the rent (current rent: $3100) in exchange for us to paint the two bedrooms.

Then you can do a 1031 exchange or sell it at a lower tax rate. 

That’s something you’d want to figure out through tax planning.Regarding the 1031 exchange, bonus depreciation doesn’t affect whether you qualify for one.

There are multiple ways to utilize equity without paying taxes, such as cash-out refinances, HELOCs, and 1031 exchanges, making appreciation a powerful wealth-building tool.Many people lump all of California into one bucket, but it’s a massive state with many distinct markets.

I personally like one sponsor who has been through multiple real estate cycles without losing any investor money, puts very large amounts of skin in the game, is conservatively leveraged and has a very good 1031 exchange program.

If I can do this my case will be much stronger for a private lender to give me money in exchange for moderate returns on their money in the form of a note. 

I have heard positive things - expect lower overall returns in exchange for them doing the work! 

And once you convert it into your primary residence it is no longer eligible for a 1031 exchange. 

Precisely today, I heard a guest in the BP podcast (Episode #956) talking about a really bad experience with a "Subject to" deal.Thanks @JD Martin Generally, yes.

I think there is so much value in having a supportive network, so I'm looking to set up a monthly lunch for us to exchange ideas, tips, and encouragement.