Hello everyone, I am selling an apartment building in California using a 1031 exchange (to buy property in the Midwest) and am wondering if I can use my passive loss carryovers and disallowed losses for that property to offset any boot because I am planning to use the cash pullout as reserves or repair money for when the replacement property is vacant. 

I had the idea these housing prices would start coming back down to earth sooner; I'm currently in a home that I planned to rent when I purchased it.

The optimal plan of action is determined by your personal objectives, level of risk tolerance, and state of the market.Good luck!

The plan is to create an Excel sheet where I could plug the basics into a formula and it would give me a side-by-side view of how the investment looks with each fund option. 

I plan to move forward repainting the entire interior.

You can buy down the rate but it will not make sense if you plan on doing a refinance in the next 3-5 years.

There's a podcast 109 that has lots of information, but honestly, I don't plan to use an attorney out of my state. 

If the numbers you’re hearing were from a property manager and you’re planning to do it yourself you will do much better than what you heard it was doing in the past :)

Both told me that their department doesn't do environmental studies on properties, and suggested to talk to the Planning & Zoning / Developmental Service.

Our goal in investing is long term benefits (we would like to plan for retirement and helping our kids get started as adults), also plan to gain passive income, maybe gain one property every other year or so.