@Lexi Teifke One of my all time favorite movies of all time.

, you may also want to consider estate planning and/or gift planning while we're in a high estate tax exemption environment before the sunset in 2026.As to the income tax planning, most of the time the tax "savings" come by way of depreciation. 

@Ali Harris, this is probably my favorite part of real estate investing: seeing the potential in a property that isn't readily apparent to most other people, and then executing a plan to bring your vision to life - so cool to hear you're exploring this!

We did a step-up of the $3.1M to $5M and having the other $600k from the appraisal gifted to the syndication. 

That is basically gifting you money. 10% down is also way too low to make it attractive for a seller to finance you. 

If you're interested, send me a DM and  I can put together a list of my favorite meetups. 

Did a "hard money loan" with family using gift tax exemption and trust as collateral (despite what Dave Ramsey says, my father and I have an incredibly strong investing and personal relationship).

It has long been a favorite for local investors and in the 6-8 years the word spread and it is a hotbed for many more now.

Nobody’s saying you have to use a 1031, but it is a large and powerful gift.

My current favorite is to use the standard contract realtors use in my state of Arizona.