@Mike Helminger here is the Canada Revenue Agency (think IRS) page on treatment of rental income...

The purchase of a membership interest (partnership interest) in an LLC will not qualify for 1031 Exchange treatment.  

Chuck W. properties acquires with the intent to fix-up and then flip, or held for sale, do not qualify for 1031 Exchange treatment.

Many visit that area of Houston for treatment or as traveling health care professionals or are going to school.

So one who buys, rents, then sells after day 366 and only does that once or twice, and his other 15 doors are held for years, while all of them required heavy rehabs, there is no perpetual use of the strategy therefore, ok for cap gains treatment.

@Marta RodriguezWanted to share with you a great way to tap into the equity built from your ADU.The problem today: most appraisers used by traditional lenders would give ADU square footage a second-class treatment than the main house (as some of your mentioned above) since there aren't that many comps and they're trying to be conservative.However, you can consider taking out a HELOC/doing cash-out refi through Figure.com (HELOC up to $250k, Cash-out refi up to $1M).

Other benefits of growing equity more than focusing on a high % cash flow number is that the tax treatment is much more favorable.

I've got my real estate where I want it, I'm working with the city to open a psilocybin treatment and research center on commercial property I already own. 

Most of it though, was spent on STUPID stuff - several visits to casinos to "live large", eating out almost every lunch & dinner, several beauty treatments, buying a bunch of online movies, etc.

Obviously, I'd have to pay tax on that, but I can imagine situations where it's cheaper to pay those taxes than to lose the preferential tax treatment of the property.