There was a lot of little tracts of west Texas desert land that used to be added to deed swaps to make the valuations work out back in the day.The reason for a 1031 in this situation is that it provides crystal clear direction and documentation. 

I think the change towards EVs is going to start happening pretty quickly now, so I thought I'd try to get ahead of things and try to work out what my EV policies might look like before it comes up. 

Anton,These are some exciting problems to work out!

Use this experience to work out the kinks and build a strong boots on the ground team.

Had the tenant let you know after they got the January bill and the water company didn't work out a deal with them, I might pay 50%....but the tenant dropped the ball big time and I wouldn't reward that behaviour. 

It all depends on whether or not the numbers work out.

Seriously now, go to a search engine, find a Joint Venture agreement, work out the details now before everything happens and save your selves a lot of hassle later.

How did it work out for you?

Probably best to work out a termination agreement and find your next tenant.Of course, you have to consider your financials to carry a potential vacancy, location of the unit, how quickly can you rent it, etc...

If you haven't filed your taxes strategically over the past 2 years and are showing a loss, it's probably not going to work out.- Higher rates.