One month's vacancy, with associated turn over/repair costs will equal about 2 years or better of the "discount", a good trade off.

You do that by focusing on ROI and by not selling performing assets in A markets that will likely appreciate (both by market appreciation and rental appreciation), that provide positive cash flow and effectively paying for themselves.I'd advocate building a portfolio of more assets via leveraging or accumulating more cash, not trading one for another to squeeze out a one time (taxable) profit via flipping or chasing annual income yields (cap rates).my two cents....Hope this helps,A

I'm not sold on the idea of trading my time for money until the day I die, so I'm pursuing buy and hold rentals as a means of achieving financial independence.

Hi Sheba,You have an interesting situation before you.  1031 exchanges are meant only for property where your intent has been to hold it for productive use in business trade or for investment.  

Only those with such a low tolerance for risk and remain motionless, stuck in fear and doubt, will never benefit from the lessons.I'll bet you'd never trade that education for an e-book, would you?

@Ram Srinivasan, I so rarely trust CAP rates, you could almost label it 'never' ... as you may have gleamed if you have suffered through reading other posts of mine.In the past 2-3 years we have been seeing mid-sized multi-units (20 - 50 units) trading hands at CAP rates in the 4.5 - 7 range and mostly on the lower end of the range.  

@Emanuelle Lewis,If your looking for trade specific (I.E.

Say a self directed 401K  holds a parcel of land and subdivides into multiple lots.  Can it barter a lot for contractor services to the property?   How best to document?

I make a pretty good living nowadays and have a lot of time which I have been using for the past year studying everything from cyber security, stock, option, and futures trading, and real estate.

Immanuel Baptist Church (corner of Oak & Clay) has arranged a purchase/trade with Lampton Baptist Church.