This allows you to use all of the tax and deferred depreciation recapture to purchase the larger MF propertyA consolidation exchange is where you sell multiple investment properties to purchase a larger and nicer investment property, but you also get the benefit of using all of the tax you would have had to pay to your advantage.

If you're not sure of you preferred direction with your next property I would invest in understanding investing more thoroughly and read 5-10 books as well as speak to other experienced investors.

Quote from @Matthew Brown: I'm looking to find others invested in the Fairway America Vivo Rancho Cordova syndication deal to discuss their experience with this investment and Fairway America, overall. 

I recommend people only sell if (a) you can invest the capital in something that performs better, or (b) it aligns with your goals.

I follow him on Instagram and he contacted me to invest in his rents.

Reno Scenerio Off Market Purchase Price - $185k ARV = $315-335kReno - $55-65kHolding - $10kClosing both ends - $25k= $335 , $315-$285 =$30-50k gain  As-IS Scenario Purchase - $185kSale Price on MLS :$225- $235kClosing both ends - $20kHolding - $4k= $235 - $209 =$16-$26k gainIn both scenerios I’ll be 1031ing it into a new investment.

Investment Info:Single-family residence other investment.

Check out tomorrow's meetup:  OCREIN - Reading the Crystal Ball and Predictions for 2025Good Investing...

If you can find an investment that pays for itself, you won't be so nervous about investing.I also recommend you educate yourself on how to manage well.

My recommendation would be to iron out what you're looking for as an investment goal.