A standard 1031 exchange requires that the same entity selling the property also acquires the replacement property, which becomes challenging when proceeds are split between partners.Potential Strategy: "Drop and Swap"One approach is the "Drop and Swap" method:- Convert Ownership: Before the sale, the LLC distributes the property to the partners, converting joint ownership into individual tenants-in-common (TIC) interests.- Individual 1031 Exchanges: Each partner can then independently conduct a 1031 exchange with their share, deferring capital gains taxes by reinvesting in like-kind properties.Considerations:- Timing: The IRS may scrutinize transactions where the "drop" (distribution) and "swap" (exchange) occur in quick succession.

You'll need to meet requirements like parking and setbacks and might encounter additional hurdles in environmentally sensitive or historic areas.

I’m hearing they require higher down payments though.

You are required to vacate the home before 5:00 PM on December 31, 2024.

There's very little at that price point, not in downtown, not requiring a bunch of rehab, and within 25 miles, except for this: https://www.realtor.com/realestateandhomes-detail/1731-Hale-...?

When work needs to be done, we require the tenant to provide access.

I personally wouldnt - I am sure you could use the equity to get more than $600/month in cash flow however that would possibly require some work and risk on yalls end.

We had our Podio custom-built to meet our specific requirements, systems, and procedures.

Until the conditional use permit is applied for, an operator of a short-term rental is required to apply for a short-term rental permit.

(example)A 3115 will be required to claimed the missed depreciation.