The owner doesn't need to show alot of additional income for tax purposes but wants to sell the house.  

When you do a 1031 exchange you carry whatever basis you have left in the building you haven’t depreciated and add it to the amount MORE the new building is worth.

Any property acquired this way counts as one of their identified properties for purposes of the 3-property rule

Additionally, you are then able to fix the problem without involving engineers and other costly expenses -- when a decent contractor could've remedied the foundation issue. 

Duplex, triplex, quadplex: Another option is to purchase a multi-unit property, such as a duplex, triplex, or quadplex, and rent out the additional units. 

Still, the bill still doesn’t allow landlords “to refuse to rent to a tenant solely because of prior evictions or alleged damages” or “solely because of prior convictions or arrests” without “reference to additional information provided.” ... 

Additionally, having long-term goals like apartment syndication demonstrates drive and vision.There are various phases involved in getting started in real estate.

Why take on the additional risk for just a few dollars of savings every year? 

Who: Wyoming Valley Real Estate Investors AssociationWhat: January Real Estate Meet-UpWhen January 30, 2024 at 7:00 PMWhere: Grotto Pizza (Near the Wyoming Valley Mall, private room toward the back)Why: This month, in addition to talking real estate amongst the group, we are fortunate enough to have a home inspector from Pillar to Post Home Inspections speaking.

However, I wish to expand within the year to additional states!