I love the current benefits to my personal tax return with depreciation and mortgage interest.

What do your property managers provide to you for your taxes if anything or you you keep your own spread sheet?

Can someone help me understand the tax implications if I sell the property before completing the 5 years and after 5 years. 

Be sure to diligently evaluate potential properties through inspections, condition assessments, financial reviews, and property tax assessments.

Need to know county, city property tax breakdown, dimensions of a few rooms, parcel ID #, etc.... but again, this is information that a listing agent will frequently leave up to the seller anyway.  

Since we would be using the money in the same manner could we use a 1031 exchange to defer the gain income tax ?

You would then hold the loan on a 90-95% LTV product at 5% (Which is taxed at ordinary income).

If you own commercial real estate property, you are probably well aware of how much property taxes can eat into your profits.

You can use the extra income to pay down debt, save for retirement, or invest in additional properties.Tax Benefits: There may be tax advantages to renting out a portion of your home, such as deductions for mortgage interest, property taxes, and depreciation.

https://www.ewg.org/news-insights/news-release/2024/03/over-240-california-community-organizations-unite-againstLate in the legislative process the tax was slipped into a 2022 law, A.B. 205, authorizing the California Public Utilities Commission, or CPUC, to add a fixed charge to electricity bills based on household income.