In your case you've got to weigh the cost of the cost seg and benefit of the depreciation deferral vs simply paying the tax on the difference.Many of our clients will use Delaware Statutory Trusts to round out their exchange in situations like this. 

Going OOS involves a LOT more trust & risk with whatever team you put together. 

If your first investment goes South you run the risk of putting your home in jeopardy.

He’s over cautious, so I’d like to see what sort of language is there there regarding the deed of trust.

I am in the Space Coast of Florida and I have invested from Miami to Daytona.

Having trusted resources in market have been helpful in managing our properties and contractors especially when my non-real estate related consulting business is in its busy season.

When the ROE is significantly smaller than my CoC return (based on initial investment) I know it's time to make a move to increase the velocity of the money.

I have a wholesaler I trust who I can put you in touch with if you'd like.

Welcome to BP Marcus and good luck investing!

Investment Info:Single-family residence fix & flip investment.