This will be ordinary income an subject to SE tax typically. 1031 only qualifies on passive investment income -IE sale of a rental. 

One of the best reasons to utilize self-rentals is when you are an S/C-Corp and you need to extract profit from the Corp to either avoid SE taxes or 15% dividend taxes.

However SE or W2 tax would have to be paid and ultimately there is no more income and possibly less with SE tax or W2.

My reason for asking is that California is a market, while I live in and own in, I don't think I can afford to invest at this time but want to get my feet wet per se in another market.  

All of these homes cashflowed with 0-5% down when fully rented:1. 201 8th Street UNIT A/B, Sultan2. 11005 Roseberg Avenue S, Seattle, WA 981683. 12209 2nd Avenue SW, Seattle4. 12260 Des Moines Memorial Drive S, Burien5. 15415 SE 179th Avenue, Monroe6. 23109 25th Avenue S, Des MoinesHope this helps - reach out to me over messages if you'd like to talk about it more, $400k isn't an easy price point to work in but with the right search criteria and team behind you, you can make it work!

Not sure if you're looking only at real estate, but there's also a wider ecosystem of crowdfunding choices, including P2P loans (which arguably isn't crowdfunding per se, but certainly gets lumped in with other online alternative investing), equity crowdfunding (higher risk and much lower liquidity, but potentially greater returns if you're sufficiently diversified over time). 

As a very general rule, you can pick up good cash flowing properties at around $100k/door if you are looking outside of the class c neighborhoods or less expensive in those areas ($80-90k or so on the SE side of town).

So, a distinction should at least be understood that when a lender accepts payments from a buyer under an installment purchase agreement, that such acceptance is not a loan assumption per se, it is simply allowing a third party to make payments in the name of or for the benefit of the borrower but the loan remains in the original borrower's name, fully liable and without any requirement made by the lender to collect anything from that third party.So, as a new investor, when you walk into a bank and put your business plan on the loan officer's desk, look him in the eye and say, "I have a deal and I would like to assume theseller's loan" you'll at least know how silly you sound to the loan officer, what it is you are actually asking the bank to do!

We're still way below the historical average for interest rates in the US. https://fred.stlouisfed.org/se...It seems high coming off the record lows, but some markets still cash flow well.

Hello BP,Does anyone know of a good mold remediation company in SE Michigan (property is in Ferndale).