I know the deferment period for capital gains is almost up, but what are the pros and Cons of an OZF vs a traditional 1031?

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

I could completely be misunderstanding the process, so thank you, in advance, for clarifying these items for me.

Giving them a laundry list of items will typically just overwhelm them and create more confusion instead of giving them a smaller step process to get more confidence to get the ball rolling and then they can get into the weeds on their state when they get the contractors out there, have local bids come in, and dial in their plan. 

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

Once you’ve made the improvements to your property, you should have the receipts to justify the cost of all newly added items.

I have helped Dozens of local and OOS investors buy and sell traditional investments, acquire 'house hacks' and STRs, as well as assist OOS investors with tenant turnovers, getting properties rent ready and placing tenants.Reach out anytime to discuss the KC metro and how it fits into your REI goals of providing generational wealth and eventual financial freedom

Because the owners of Licensing Experts pay ALL CASH, the closing usually occurs 3-6 weeks, which is very fast compared to traditionally financed commercial deals I've seen on Bigger Pockets.The whole thing hinges on their very clever technique of getting existing commercial retail tenants engaged, willing to move into their newly acquired properties who are coming up for a lease renewal or lease expiration, rather than marketing for new commercial tenants - which would take way too long.Licensing Experts is somewhat of a "front" for their Mentorship Platform, as they evidently have many of their own separate entities for which they use to actually purchase and close on their commercial properties assigned by their mentees. 

I've been pondering the same question lately.For items like HVAC filters, do you remind tenants when it's the time to change it, or just expect that they will do it?

Or can I get the Costco brand items??