It applies not just to exercise events, but to anything in life that is challenging.

That’s a really tough call, I just sold a property and ate the tax, granted it was relatively low, going through this exercise with a family member right, I’d probably lean toward’s “overpaying” for something to avoid the huge tax hit, but so much of it, is really a question of if you don’t mind managing the properties than yeah 1031 is probably best, if you hate it might be the marginal return of probably an extra 5-6k a year isn’t worth it.

May file jointly next year if it makes sense* W2 income* private equity as ISOs (not exercised)* rental real estate income in different states (TX and GA)* sold and bought real estate using 1031 exchange in a different state (GA)* planning on adding local small business income in the next year* planning on adding income from online SaaS sales

I usually put 20 offers and get rejected on may be 19 of them but patience is the key and doing this exercise has helped me identify what is a good number for both parties to be happy!

Maintain some good, deep cash reserves for any aspects of the lease that you are responsible for and any future tenant improvements/roof replacements you may need to cover down the road.Just curious...since you are potentially up for a need to re-lease the property in 2 years if the current tenant does not exercise their option, how does the market look in Tulsa with industrial type tenants (vacancy rates, etc)?

As a buyer, if the market is so hot that I’m going to be “blacklisted” for exercising my due diligence right then I’m probably purchasing near the high point of prices in the current cycle and stepping away from buying at this point wouldn’t be a bad thing.  

As you negotiate the complexities of real estate investment, never stop learning, be flexible, and exercise patience.

And don't be afraid to exercise that "no" muscle. 

You have to exercise as much due diligence choosing viable mentors as you do purchasing your first investment.The very first principal they teach you when you are studying for your RE license is "REAL ESTATE IS LOCAL".

There are several ways to do creative financing in the playbook but you must exercise due diligence to protect yourself in the event there are liens on the property, etc.