Central Kentucky, in particular, has benefited from Lexington's growth, with many people commuting from outside the city for work.

I don't think I can reap the same benefits from notes that I can from owning property.

Lots of lessons learned and greatly benefitting from this wonderful forum.

With completing a 1031 exchange into a more expensive property, their depreciation table would reset as well, providing an even greater benefit. 

Instead of paying this $6M to the IRS, they now are earning interest on this extra $6M and living off of the interest for as long as they want to while the funds are invested in stock, bonds, multiple funds or back into real estate at their own timing (all capital gains tax deferred).Here are the Benefits of a Deferred Sales Trust (DST) and buying real estate through the DST vs 1031 exchange1) Timing- Sell High and Buy Low: Partner with the Deferred Sales Trust (up to 80% of the funds) and buyback into and back out of real estate.

The benefit of paying the following year is the interest income accrued.

If you own a business even if it's a pass through LLC for your real estate you have to file a BOI Report by the end of this year.BOI stands for Benefit ownership information. 

The last two provide the added benefit of providing you access to liquid cash. 

If there's a family member or friend in a similar situation, and you can both align on the initial plan (location, home type, price, usage/occupancy, etc) you can pretty easily get a co-ownership agreement in place and even a joint mortgage.The benefit here is it might open up your ability to buy a larger place in a nicer area which could lead to a faster rate of appreciation and overall better living environment. 

It will familiarize you with the basic terminology and benefits.