Again WILL, you go to go zone NOT for cash flow, but to keep the hard earned money you're making in CA.

If the property is located in East Texas probably in the "Piney Woods" area, another ag valuation methodology that can help in creating significant earnings deals with the wildlife management tax valuation.

Or if possible that you have access to private money that will take a third position on the property, earn some quick cash.

In either event you have earned the money when they paid it.

They have done well too.You want to figure out the Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA).

Personally I think the day of stated income for investors (without W-2's and huge liquid assets) are flickering and personally, if our tax returns showed substantial earnings (adding back depreciation) we wouldn't have to go stated, correct?

Theres no alimony payments, nothing special about the divorce, she's already taken all of my hard earned belongings...

Then I listen to the next podcast and so on.So, even if takes me years to listen to all the podcasts, I will learn a whole lot more, remember what I learn because I implement it in real life and most importantly, I EARN money from what I learn.

I brought in my PM and during the reposition I have given her 20% PM fee.. and she has earned it... once stabilized will go to normal fee. .and then market and sell.  

If I, or a family member have to draw income from USVI in order to 1031 there, maybe we could adopt you and you could go earn income and find properties, of course when we get there you will have to get the boot.