Income Levels: Will your AGI decrease in future years below the $150,000 threshold?

Letting someone out of the lease is not the same as nullifying that the lease ever occurred; it is just an agreement that you won't go after any additional months of future rents that would otherwise be owed.

As a PM myself (in California) I take pride in my leasing contract and screening process because that removes so much headache in the future.

To wit, people might find this thread and exchange for years to come (I am cognizant of that future audience as I write this).

I don't think the future will be kind to the investors who bought cheap houses in a big community of other investors. 

From what you’ve described, it sounds like you’re more focused on long-term appreciation and future benefits rather than immediate cash flow.

Be careful about the advice of others when it comes to your RE investing future. 

- Regardless of sale now or a 1031 sale in future years, I would like to take the equity into new real estate opportunities. 

Thank you for putting it out there and potentially saving someone else in the future. 

It is something I am interested in doing in the future, potentially even this year, but I am curious how to put concrete numbers to this decision.