If you sell a property, and do a 1031 exchange with the proceeds, but don't need all the proceeds for the down payment of the next property, are you taxed on the additional profit that isn't part of the exchange?

A HELOC or cash-out refinance on your current rental could unlock additional funds if interest rates improve.

Moderator, we have no financial relationship with any guru :B ] after we canceled promptly there were no additional billings either time.

As you alluded to, sometimes a passive note investment purchased for monthly payments “goes south”, and becomes an active participation investment, with plenty of additional capital required for legal fees, forced place insurance, and property taxes.  

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Sounds like you put in a ton of work to maximize the value, and that basement addition was a smart move.I noticed you mentioned the NYC luxury tax and some of the rental pricing challenges—have you considered expanding your portfolio in markets where you don’t have to deal with those kinds of headaches?

Texas has additional laws against these options.

@Kevin Connauton most PMCs won't touch this type of renting due to all the additional headaches and liability.We second contacting PadSplit.

This sounds risky, are you being compensated by additional rent and have you checked with your insurance to ensure you are covered. 

Additionally, you can still find deals that will cash flow and hit the 1% rule and amazing appreciation potential.