@Michael Dahl Because of the reinvestment requirements, you couldn't take any of the proceeds without taking a bit of boot like others here have stated.However, if you completed your 1031 exchange then immediately did a cash out refi, that would allow you to defer all of the tax and depreciation recapture, but also give you access to some cash that is tax free.

You must have excellent connections, industry knowledge, experience, and project management skills to achieve this outcome for those numbers.

Feel free to shoot me a message.

Feel free to reach out, and we can chat ideas!

I have no knowledge of the principal or his investment vehicles.  

He has too much historical knowledge?

Would you invest with you based on your current confidence and knowledge level?

and am eager to connect with experienced investors to gain practical insights.What I’m Looking For:Advice on identifying cash-flowing properties and understanding market trends in Lynchburg or similar areas.Recommendations for a local real estate agent or property manager with experience working with investors.Insights on how to balance active and passive investing as I grow my portfolio.I’m grateful to be part of such an inspiring and knowledgeable community.

.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

If you need help running comps you can always try out our free software at PrimeTracers.