For example, I fund payment for roof replacement and therefore can deduct the depreciation from my taxes as opposed to splitting it 50% with partner.

It definitely keeps me motivated and helps me improve.I'm a Software Engineer, but I have been flipping homes on the side for about 4 years.

@Dave Nixon Interesting you picked up on this...small town churches are dropping like flies...I manage large capital improvement projects on institutions...just keep in mind that you'll be working with a lot of different entities, including an architect/designer, engineer, industrial compliance...likely other entities from the government and/or municipality...lots of moving parts.You should be aware of Asbestos abatement and concerns like underground storage tanks...which are very common in all these buildings you are referencing...design and abatement fees may run hundreds of thousands of dollars before the project even starts...Not saying you can't pull it off, just be aware...good luck! 

Hi BP folks,I have a question for 1031 exchange, here's a scenario:Relinquished property sales price: $180,000, remaining loan balance $102,000.Replacement properties (3 properties):Property A: $80,000Property B: $85,000Property C: $138,500Each of the above replacement properties has 20% down mortgage.Although I have met the requirements of the total purchase price has to be equal to or greater than the selling price, these are my questions:1.

My only hiccup in the project was with the window company I hired to replace the old aluminum sliding windows. 

I would recommend going to one, finding out what it sold for, then reverse engineering that property.

Figure out why you are doing it (cash flow to replace income, building wealth, diversify, retirement, etc) then see what the markets you are in has to offer.

I am wondering if it would be cheaper long term to have it converted to a normal roof or if a typical flat roof replacement would be better.

And if you want to be more conservative wait until after the 1031 and refi the replacement property after the 1031 is complete.

Replace HVAC filter.