Analyze your deal quick and re trade if the numbers don't workGood luckGino

Whatever you do, dont trade in high quality assets for low quality "cash flow" properties in the flyover states.

Hi guys, I’ve been a landlord for the past two years by trade I am a general contractor (I own my business)  I currently have two rentals including my personal home which I paid CASH for. 

Generally speaking small businesses can trade 2-3 times income depending on the size.  

I’m trying to figure out my next move I currently am in a partner since 2015 with a 9 unit apartment building and it also has 10 self storage units.. its a old building and constantly needs repairs.. should I sell my share and trade up using the 1031??

This may not be your end game however this property could always be used as trading wampum for another property.

Consequently, this limits the options for how rent can be paid. 

If you have an IRA and need non recourse, keep in mind even though you can finance in your IRA with non a recourse loan there is still a heavy tax consequence.

Can you trade one of your properties for it?

So for future reference, whats the difference between a squatter and a trespasser and what consequences can they face. the basement is definitely NOT considered a living environment. its just for storage and laundry.