Thanks Jason.I personally don't want to have any liability on my primary residence (Apart from Property tax of-course).That's the reason I am looking to do this is to ensure that if I am secure.

In FL we not have a milestone study requirement for all 30+ year old buildings. 

In terms of his investments, they have been focused on the downtown region, buying up older, but loaded with potential and character, downtown buildings. 

Yes, he can purchase multiple properties of different sorts (single family home, commercial building, DST, Mineral Rights, etc.)One important thing to keep in mind: in order to defer 100% of the capital gains taxes, one would have to spend ALL the cash proceeds from the sale of the property and purchase equal to or greater than the net sales price.

Next week my 2nd installment of property taxes are due.

I’ve been focusing on new build duplexes in the Indianapolis market, where we’re seeing strong rental returns and growth potential.If you’re ever curious about expanding into other markets or want to discuss strategies to grow your portfolio, I’d love to connect and share insights.

Account ClosedWhen you say strip mall, I got a vision of a 60s dilapidated building.

As background, it's a 1400 sq ft ranch in a very desirable area where homes typically fetch $500/ft+ after rehab or new build.

My main concern is regarding cost-basis and future capital gains tax when I ultimately sale the property. 

Long term goal of creating passive income and building value with others whenever possible .