I just hope i can find something before the new year ideally so i can stop paying rent and own something.Noted on the cash flow aspects too (i have been using the duplex calcualtor for this) and understand i will have a small net payment each month while living there, which is completely understood and fine by me (better than paying large rent)

If you ever plan on doing this later in your days, you could always do a management company and just expand on that, but I can tell you from my own perspective  that LLC – S and being W2 employee under that may limit some of your lending aspects, but it protects you around the world anywhere you go further if it comes to it, you can bankrupt your company, sell the assets and open another company the same way and you’re still protected through and through. as my wife is a high earner, it really protects her from civil suits and other things like that or anybody that ever comes to maliciously take what is yours.

One year, I was looking at the depreciation summary my CPA printed out and I remarked, wow, are we depreciating 3 water tanks.

You are transferring various liabilities, namely maintenance and operations aspects from you too a buyer. gaining some liquid capital (down payments), while retaining control of assets. 

Additionally, I am well-versed in the tax benefits of using an S Corp to treat each property as inventory, which can save you on short-term gains.Don't waste your valuable time on bookkeeping when you could be focusing on other important aspects of your business.

., we track all the data per each fixed asset in Google Sheets and it's a part of our monthly/yearly processes to input the appropriate adjusting journal entries so the depreciation and amortization are reflected on the financial reports on a monthly basis for each fixed asset.We have a depreciation worksheet, an amortization worksheet, and another worksheet that details all other aspects of each fixed asset (placed in service date, type of property, partners, etc etc) per client.It's nothing fancy but it works for us.

Ask your listing agent to include these terms in the agent-to-agent remarks, stating that the 1031 text must be part of any offer.If the relinquished property has a mortgage, it's crucial to determine how it will be handled during the exchange.

Your patience when responding to some unhinged screeds is remarkable.

If there are HOA restrictions, you can list this in private remarks so other agents can share it with their clients so as to not deter buyers as well. 

If I'm wrong with respect to the legal aspects of this someone please correct me.