As long as the total of whatever you purchase is equal to or greater than the net sale of your old property you'll defer all tax.  

It’s a bit complex, so working with a 1031 exchange expert and a tax advisor is crucial to make sure everything is done correctly.

Option 2: I can sell it and pull all the equity tax free, since I'm married and it's our primary residence.

When taxes increase, when insurance goes up, when other things happen, how do you cover those?

They pay you $500 per night. 

Here are the details of the property:- Leased until July 2025: $1400 and $1450 per unit per month- Built: 1930's- Zoned O-2Information in the Rental Report:- Vacancy rate: 5%- Purchase Price: $310,000- Repairs and maintenance: 7%- CapEx: 5%- Property tax: $3,600 per year- Insurance: $2,400 per year- Roof: Broker mentioned it doesn't need immediate attention but will likely need replacement soon (~$15,000).- Cash flow: The report shows a $177 monthly cash flow.- Condition: The house is completely renovated.

Understanding their exit strategy—how they plan to pay back the loan—is crucial for minimizing risk.Don’t overlook the property itself.

Soon the DNS starts issuing fines to the owner, but the collateral damage to the neighborhood is already done.Abundant cash flow is a myth, especially if you invest remote, pay a PM and you are buying 100-year-old buildings with financing.

They didn't pay when my tenants shot out the window or when they stole the copper out to the AC.

Tenant also claims they lost the key so I quoted her to change the locks because I will not pay for the locks if they lost key.