I've sold properties in the past but this is my first 1031 exchange. 

I sold a business and took that money and bought houses back around 2011 and a few years ago 1031'd those into small multi unit properties with big value add that we have completed and out portfolio value has grown significantly.

I don't remember what it was called or what it contained exactly but basically she admitted to trespassing and gave up all her tenant rights in exchange for $2500 which I sent via venmo immediatly after she signed.

Just focusing on the tax issue for you: 1031 Exchange in 2025: If the leaks keep coming, selling and doing a 1031 exchange into a more reliable multifamily could be your best move.

For financing, we were able to just do a 1031 exchange from a duplex we sold and make up the difference in cash.

This allows for a wide variety of ways to achieve the goal thru all aspects of real estate; investing in assets that have great capital gains potential but may not cash flow (options, land, redevelopment, gentrification, etc. ) utilizing “fee income” to build my estate (syndication, brokerage, partials, participations), and “creating” high yielding notes, and “creating” wealth through creative real estate buying, selling and exchanging. 

If you ever want to chat about strategies, financing options, or just exchange insights, feel free to reach out.

We 1031 that money and the money from the timber into 3 lakeview lots in Idaho that already have water, power and sewar.

But when you purchase a property, your basis for deprecation is the cost of the property to YOU (except in the case of a 1031 exchange, the rules are a bit different).

Please also direct any future correspondence to me in writing.Sincerely,Ambulance chaser (name changed to protect the guilty)Here's my response:Dear Ambulance Chaser,Our lease agreement allows you the use of the property at 123 Straight St in exchange for rent.