Is land still trading?

We do get a better fee/split structure, and that's a fair trade for the extra work of managing a large investor base and it's associated extra accounting and tax reporting overhead.I also find the advice in the OP to be contradictory. 

Very few are in financial positions where tax strategies should be prioritized in their real estate business outside of perhaps timing and tax consequences of selling real estate. 

The danger is you'll be trading one transactional business for another.I would find others who have built a real wholesaling/flip business with systems so you can scale, and if you want, you have something to sell when it's time you've bought enough rentals.Good LuckGino

Do you have multiple for vendors per trade?

Have a chat with your accountant to see what the gain and tax consequences are.Once you know what the tax consequences are, you will know whether a 1031 exchange is a good fit.Your gain = Sales price less costs to sell less adjusted Basis.Adjusted basis = purchase price + improvements - accumulated depreciation.

Material Participation in a Real Estate Trade or Business.This is pretty straightforward but you must materially participate in a real property trade or business, such as development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.2.

Good day everyone, I am fairly new to multifamily real estate investment and learning this trade.

While that’s appealing, the added complexity with tenant turnover, varying personalities, and managing shared spaces can make it a bit of a trade-off.I’m curious, how does it look in other markets?

(Most notably, they've gotten REPS aggregation all mixed up in the past.)Based on the regs seems that:- 1245 ordinary income recapture applies to some forms of property that qualify as "real estate" for 1031 exchange purposes- 1245 recapture on such "real estate" overrides 1031 deferral such that 1245 depreciation is recaptured to the extent there's a trade down in 1245 property in the exchange@Heidi Kenefick There are many additional mitigating considerations worth discussing in conjunction a real estate tax accountant.