Then you can reinvest w/no 1031 stress.The step-up in basis provision adjusts the value, or “cost basis,” of an inherited asset (stocks, bonds, real estate, etc.) when it is passed on, after death.

all these millionaire using leverage and creating low debt for themselves.All CEO issuing stock options, issuing corporate bond , stock buyback is all about creating low cost debts.

I'm located in the Grand Rapids, Michigan area and am open to properties basically anywhere in southern Michigan (anything south of Muskegon from Lake Michigan to Lake Huron is fair game imo.)I now have a fairly large nest egg of cash beyond all of my other investments (stocks, bonds, treasuries, crypto) and I want to turn that cash into a real estate investment or investments and I think my deep background in tech, systems, and marketing should be able to help me substantially.It seems to me like BRRRR on multifamily units makes the most sense, but I'm open to suggestions.I'm basically retired at this point as the only work I do each week is 3-4 hours of consulting for larger tech companies and I'm on a couple advisory boards.What are the best first steps in building a team and creating the systems necessary to start making deals?

Traffic mitigation fees alone were 30K for my site and the surety bonds required by the City were about 80K.

This advice is spot on.Why own houses when T-bonds will do better unless you like more work and stress for lower returns...

But I want to control where the money goes, not just into stocks and bonds.

Heck, for a mere 3% ROI, I would just buy a good bond fund.

Because you have the ability to diversify from traditional assets like stocks or bonds into a market that you know best and ability to save taxes on the investment types you're already making outside of your IRA.

It's possible that in 5 years prices are where theyre at and its just a cash flow market-- like a long-term bond. 

And then what about the roof, isn't that your biggest weakness then and how to you strengthen that up?