If you need income now - use taxable funds, but keep building your retirement funds to use in your later years. 

It appears to me (not offering tax advice) that selling for a gain may create a taxable event. 

If you already own real estate and have losses, I think ~25k can be used to offset.Is there some magic real estate bullet that can reduce $100k in taxable income to 50k or nothing?  

Seems like there would be complications with the financing being in someone else's name when your trying to show your non taxable profit you want to buy your next property with. 

She is a CA Real Estate agent and receives a 1099 for her commissions. in 2018, she deducted a large write-off so that to avoid paying high taxable income.

The capital gain would be included in their income when determining the tax bracket, which ultimately determines the rate at which LTCG are taxed.Also, keep in mind that it is not AGI that determines the 0% LTCG tax rate, it's taxable income.

Qualified property eligible for bonus depreciation is exempt from adjustments to depreciation that otherwise might apply to depreciable property in determining alternative minimum taxable income (AMTI).

In that case, let's look at it from the angle of "use of cash" your cash flow and the best opportunities available to you.We can't do that unless we know what the business is and how it's set up, you mentioned partners so that complicates things to some degree, your agreed split can be paid out as each desire.As to draws, SS taxes are due on compensation received, you'll have estimated taxes as well, if your company provides you with living quarters the value of that is taxable income.

I looked on the accessors website and my property taxable value has not changed. 

Real Estate for me has always been about lowering my taxable income as that's how every investor does it in Australia #negativegearing