So if he is selling a rental for $100K and wants to buy a duplex for $200K then he can move into one unit (allocated at $100K) and use the other unit for his 1031 exchange (valued at $100K). 

If you live in that home on site then that can be carved out as your primary residence and the proceeds allocated to that can be tax free to the limits of your primary residence exemption.2.

@Jennie Chen, if you set up two different exchanges then there might indeed be some advantage in how you allocate the funds. 

I'm not sure how it's allocated by city/area within the state but something to look at before you pull the trigger. 

A preferred return is simply an allocation of 100% of the cash flow until the hurdle is met. 

And best of all, clients can change their IPF allocations as their needs change, so they are never locked in"Wealthy people have bought permanent life insurance for over 150 years for many reasons.Here are 12:The perfect retirement plan - 12 features1.The plan should allow for tax-deferred growth2.The plan should provide for income tax free withdrawls3.The plan should earn competitive returns as much as possible but still have guarantees.4.The plan should allow any taxpayer to put in as much money as they want.5.The plan should provide a taxpayer to use the account as a collateral for a loan.6.The plan should protect against market losses.7.The plan should assure access to loans should the taxpayer need money before age 59 1/2. 8.The plan should allow for these loans to be paid at the taxpayers discretion, at any rate of repayment or even not paying them back at all.9.The plan should be protected from creditors.10.The plan should eliminate early withdrawal penalties, late withdrawal penalties, and excess contribution penalties —- there just shouldn’t be any penalties at all.11.The government should continue the contributions to the plan at the same level the taxpayer was contributing if the taxpayers should become disabled and cannot continue to put money into the plan.12.The government should accelerate the expected retirement account balance to the taxpayers family if the taxpayer dies prior to retirementIf you compare these characteristics of an ideal plan and compare it with a Roth IRA, you can’t do number four, put in as much money as you wantyou can’t do number five, use it as collateral for a loanyou get to number six, protect from market losses (see rider above)you can’t do number seven, assure access to loans before 59 1/2you can’t do number eight, allow for loans to be paid at the taxpayers discretion or not at allyou can’t do number nine, be protected from creditorsyou can’t do number 10, eliminate early withdrawal penalties, late withdrawal penalties, and excess contribution penaltiesyou can’t do number 11, making the government continue the contributions to plan at the same level the taxpayer was contributing if the taxpayers should become disabled and cannot continue to put money into the planlastly, you cannot do number 12, the government should accelerate the expected retirement account balance to the taxpayers family if the taxpayer dies prior to retirementPermanent life insurance is much better than a Roth IRA for these reasons.

Something like store reimbursements I would guess would go towards decreasing the purchased price of the related item...Cash back payments might be so small that it might be de minimis..Acquisition and closing costs need to be allocated to your cost basis, in general. 

Hello Investor Fam,I'm working on a project that involves a winery owner who needs some big assistance.Background:Owner is in a "hand shake" partnership. 35 years ago winemaker shook hands with wealth silent investor to help him get started. 100 acres of land in sale. 10% acres is allocated to silent partner ( only through "word" contract).Owner owns 100% of land (he is on the DEED 100%).

All income and expenses should be allocated based on the ownership percentage.

For properties that are basically turnkey, already renovated, and appear to need very little work, I've been allocating 10% of monthly rent to cap ex and 2.5% of rent for simple repairs.For a property that my partner and I will look to renovate ourselves and will have everything new (basically a gut job), we are allocating 10% of monthly rent TOTAL for cap ex and simple maintenance/repairs.I know every property is different, but I am curious how you savvy investors on BP calculate cap ex and maintenance/repairs?