Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?

The best way to develop a solid SOW is this - you start off with what you are visualizing in your head, send drawings, pictures and products that you like.

Prioritize your financial stability.

Originally posted by @Mia Shlomit: Alas - the new ordinance turned this property too into a rent stabilized one. 

I dont want the money to become an issue but a by product of helping others ( scaling ). 

To better homes in the area and to create a product.

You mean you use one GC and how not t o overuse his crew so production slows? 

no argument from me.. but I think they do that to legitimize the company/loan product.

They recommend certain other products to help you but nothing is shoved down your throat. 

Prioritize your financial stability.