No state taxes, high appreciation, Economic and Job growth, Population growth, etc. 

I will want to continue to continue to defer the taxes but in an UPREIT.

Also, as this co-living thing is generally new and catching on in some cities, I would hate to have this whole strategy ruined by a new restriction set by the city for co-living or the crazy rise in mortgage cost from property taxes and be forced to revert back to the traditional route.So my question is for those that are already doing the co-living strategy; are you all buying the home purely off of the co-living cash flow, or are you all considering the cash flow from renting the home with just one tenant as well?

Not only were tax shelters stripped of their tax deferral capabilities, but they were stripped of it RETROACTIVE, allowing the IRS to recalculate tax shelter investors income going back 7 years.  

That is before taxes, insurance, property management, repairs/maintenance, etc. 

The other watchout is if you lose your job you are required to pay the money back quickly, like 30-90 days with most 401K's or the loan gets converted to a withdrawal that comes with tax implications and penalties. 

That’s your home mortgage interest as well as property tax and insurance for 2nd half of the year.

How do you tax thin air.

This is what the assessed tax value will reset to after you purchase.  

An LLC is really a partnership that has been given the same liability protection that a corporation gets BUT they get pass through tax status.