The money never comes out of the IRA, the IRA is the owner of the property and even if you sold the property there would be no tax consequences.

You want a financial planner who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

The contract should clearly state the rights and responsibilities of both parties, including the payment schedule, the consequences of default, and any other relevant details.**3.

Consequently, new homes in these locations start at $550,000.

I am planning to perform a cost segregation study on the STR's I have purchased to take advantage of the bonus depreciation rules currently in effect to offset the tax consequences of leaving some $$ on the table coming out of my 1031 exchange.

If you fail to comply correctly the consequences can be tough.   

@Mike Calvey so where to start. 1) Colorado laws have changed and there are strict requirements that must be followed with severe consequences ($$$$) if you don't.

You want an accountant who can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck in your search.

@Forrest BrownWhen contemplating selling your current property for a 1031 exchange or renting it out, take into account various factors such as market conditions, cash flow versus equity, tax consequences, diversification, and future goals.

@Martin Nussbaum @Jason CollinsIt is important that you work with tax professionals who understand the unique tax consequences and planning opportunities surrounding STRs.If the average period of customer use is seven days or less (which would encompass nearly all AirBNBs, VRBOs, etc), the rental is not considered a rental activity under the passive activity loss rules.What this means is that whether one is a real estate professional or not does not matter.