With the new rules (as they are shaping up) it looks like the only reasonable options are corporations on both sides of the border (expensive to maintain, higher tax rates in US) or LPs (does not preserve liability protection for the general partner) so those are not attractive.Now, with the changing Canadian tax rules, had I known I would have just held the properties in our own names and bought more liability insurance.Caveats:1) I read on BP that it is much more expensive to maintain entities in California...or maybe it is not the entity but some sort of levy for those investing in rental properties.

Once I get to that point, I will "flip the switch" from growth mode to wealth preservation mode and pay off those mortgages in snowball fashion.

We are competing with foreign investors that mostly want capital preservation, and are happy with 3-4% cap rates.  

Close to Dutton Island Preserve.. 

I now have experience with field inspections, property preservation, renovations, remodeling, restoration, new constructions, lawn care and repairs.

The rewire job would need to preserve the character of the house.How much am I looking at spending?

I miss the craftsmanship and quality materials that went into older homes, and am very interested in reclamation and preserving historical fabric of homes during renovation.

If your priority is building your portfolio while preserving capital, a 1031 is the way to go.

We are considering converting our 20+ year residence to rental but want to know IF or HOW we can convert it back to our residence in the future and preserve the capital gains exclusion.

You hear so many contrasting opinions about ROI's and preservation of capital, etc.Thanks for everyones input.