Just about to close on a property soon and was wondering what my tax hit will be under these circumstances on a sales of a Los Angeles multi family property.Original Purchase price: 575k Sales Price: 1,330,000Settlement cash: 940kDepreciation: 85kIf I did a 1031 exchange and used only 940k how much taxes will I owe the IRS?

I'm not associated with it, but I'm in Cottonwood/Verde Valley and love tiny houses and RV parks.

I believe that there was a Los Angeles Advanced Real Estate Investors meetup group, but I was hoping to include those that were not so advanced.Is there a group out there?

However, I live in SoCal and with 10MM + households, that's a Los of doors.

It takes a little tenacity to get started, but then it is a very well paying business and a lo of fun.

A LO told me that because I could not show 2 years of rental income that rental income would not be counted, leaving my DTI ratio high because It looks like I am paying for the house from my annual salary (which i am not).

Most of the foreclosures in the Verde Valley are reverse mortgage deaths and they take forever. 

I'm trying to sell my flip at the moment and have had multiple offers on a LC and a LO, but I'm holding off at the moment in hopes for straight up sale.

This is in Palo Verde school district.

Bayamon is nice but I've been looking in Carolina, Isla Verde Avenue for 2/3Bed 1.5 bath Condos.How's the compensation for electricians?