Networking with local investors can provide valuable insights and potential mentorship opportunities.

.- Frequency: You cannot have excluded the gain from the sale of another home in the two years before the sale of this property.For a duplex where you occupy one unit and rent out the other, the rules are slightly different:- Owner-Occupied Unit: The portion of the property you lived in qualifies for the exclusion, provided you meet the ownership and use test.- Rental Unit: The portion of the property that was rented out does not qualify for the full exclusion but can benefit from partial exclusion based on the proportion of time you lived in the property.

Websites like Zillow, Rent.com, or local real estate agents can provide insights.4. 

However, this requires careful planning and adherence to 1031 rules.Holding and Renting Units:Retained Units: For the units you retain (one for your business and one for rental income), you will continue to benefit from rental income and potential appreciation.Depreciation: You can continue to depreciate the retained units, which provides additional tax benefits by offsetting rental income.With these considerations, this approach allows you to leverage the benefits of a 1031 exchange while maximizing the potential of your investment in the commercial property.

Is he providing money?

They should have contacts for service providers for you to interview.

These documents can provide insights into discussions and decisions related to development projects.Network with Real Estate Professionals: Connect with local real estate agents, developers, and property investors.

can you provide insight to your phrase "I've got a friend who owns a rental in the Raleigh, NC area that a company just pays him a check every month for the right to rent it out."

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

This may require providing extra documentation such as 12 months reserves, 12 months of mortgage payments for both the rental property and primary address.