You only roll over the 2mm, take a 500k cash out and then claim the 500k sec 121 exemption.You can think of it like taking the 500k off the top, then the remainder functions as a normal 1031 exchange would.

Seek a mentor and join organizations like DCREIA for educational resources.Good luck!

If the inexperienced investor knew how much work, effort, time, analysis, negotiation, organization, capital, and knowledge it takes to successfully find, identify, evaluate, and close on a property that fits the criteria that gurus falsely claim they see 100’s of every day, 99% of them would abandon their real estate dreams” and pursue ostrich farms, mink breeding, or setting up a “down line” to sell condensed cleaning products that their “upline” has an exclusive distributorship on for the southwestern quadrant of Bisbee, Arizona.  

They do have a very awesome app called Deal Driven which is an extremely awesome marketing - organizing - information and skip tracing tool.

I started by going through the posts here using the search function and then trying to connect with the realtors and investors and whole salers and lenders specific to the city I am interested in!!

A capital expenditure is money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

We can teach them how to live in a house the right way and help them with the bumpy road of turning into a functioning member of society. 😆  That's right Dave, lots of good life lessons for everybody!

I have a property in Delray Beach that  I am interested in renting out to sober living organizations.

We manage several 'hybrid' properties in Indianapolis, where many function as STRs for the majority of the year and shift to MTRs during the winter months.

Additionally, there was still a fully functioning bathroom during that time.