Eventually when you do sell without a 1031, you will pay US taxes but will not be able to use all the tax credit with the CRA.Finally, this is not an area to get advice  from non professionals (like me :).

The entire cost during renovation might not have to be capitalized and can be expensed, but you need to talk to your tax professional and give him all the detail. 

I’m looking forward meeting like minded, professionals in the community while growing my knowledge and my portfolio of properties.

To all you professionals who contribute bits of advice here, thank you for your time!

I doubt your llc will qualify for the 20% deduction...there a lot of requirements and other professionals such as lawyers, doctors and accountants specifically do not qualify for it, regardless of entity structure.BTW, since your llc wouldn’t be a licensed brokerage, yes you’d be violating licensing laws and I suspect are putting your license at risk, if that matters to you.

Sounds like you want him out now and money motivates a lot of people.Make it contingent on the condo being in good condition and professionally cleaned so that the expectation is set before handing him over any money.

Play it safe since the deduction ends up being fairly minimal.Lastly, talk to a professional. 

Networking in the DC, MD & VA Area?

However, with the 3 private placement sponsors I have invested with in many deals (soon to be 5), there is an air of professionalism that is palpable.What is your experience?

There aren't many investment vehicles in a TSP aside from the funds the few funds they have.Would it be possible or even legal (I know, seek professional legal advice yada yada) to continue contributing 5% (or more) into my TSP to take advantage of the "free money" being matched by the government and then roll the balance every year into a tax deferred SD-IRA so I can invest that money freely?