We can use 1031-271 to reinvest equity from a 1031 property into an upREIT while maintaining tax deferral. 

So my insurance broker says he cannot be added.My attorney advises I should maintain the previous insurance plus setup a new one under the LLC in FL who is the beneficiary of the Trust and then to add the Trust as additionally insured.But i would like to avoid double paying for insurance.Will you guys please advise on how to go about doing this?

It lets you learn the ins and outs of maintaining a house without worrying about tenants.

The way it was explained to me is that I am responsible for maintaining the roof, exterior walls, concrete floor, parking lot, landscaping, etc.

Maintain the seller’s existing insurance.2.

This can be a great way to concentrate your equity in order to be able to make a later cash out refinance as powerful as possible. 

But IF the property in question is in compliance with all code, and provides a safe and secure environment, all problems are timely addressed and corrected, and the property is maintained on a professional level, then the investor who has a large capital investment in the property should be entitled to enforce any contracts providing him with the agreed to cash flow. 

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.

Not to mention, solar panels can also be a cause of roof leaks and require regular cleaning to maintain some level of efficiency which is not great to start with while also getting worse over time.

To thrive in real estate investing, you must maintain a firm grip on your finances.