Not everybody can: https://www.biggerpockets.com/forums/51/topics/1075919-five-...Also, cost segregation will not help you with your CA state taxes, only (potentially) with your Federal (IRS) taxes.

Originally posted by @Dominic Battaglia:Going to Windsor this weekend to look at properties man, it looks like a great place with potential!  

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

It gives you one property that can potentially pay for itself while putting a roof over your head and giving you experience as a hands-on landlord.

Hey Everyone,I have a potential investor I've been working with that is planning to use investors edge for their loan.

Or is it one of those things that would potentially pay off in 5-10 years?

The city offers a mix of high appreciation potential in certain areas and solid cash flow in others.

Our vision was ambitious, and we were optimistic about the potential returns.

This also includes any potential benefits for tax losses, no matter where they are sourced to.Given the property is in MO, it would also be subject to income tax reporting in that state, unless there are any exceptions to having a filing requirement there (I don't know MO rules off the top of my head).  

The QI will facilitate the transaction by holding the proceeds from the sale of your New Jersey property and using them to acquire the replacement properties in Florida.Make sure to follow the 1031 exchange timelines: you must identify potential replacement properties within 45 days of selling your New Jersey property and complete the acquisition of the replacement properties within 180 days.