I wish you both success!   

Some might choose to sell and pay the taxes, especially if the market conditions are favorable, but it would likely be a tougher decision without the 1031 option.As for the broader impact, it could hurt the economy by slowing down real estate transactions and reducing the fluidity of investments.

Madison has a fantastic LTR and MTR market.

I'm just brain dumping so, I may be way off base with my thoughts.Best wishes to you.

They're alway talking about the next deal, investing strategies like flipping, buy-and hold, and anticipating/reacting to the market. 

At about what percentage of market value? 

I'd suggest you start asking other investors in your market for general contractor referrals- people who do quality and reasonable work on rental properties in your market.

The trend is also fueling mergers and acquisitions within the industry, such as Circle K’s recent bid to acquire 7-Eleven.These global real estate updates reflect a dynamic market adapting to new challenges and opportunities.

I always recommend accepting pets, but you should know how to screen them, monitor them, and have strong policies in place to stop problems early.You should regularly monitor your market on Zillow, realtor.com, apartments.com, etc.

Down the road, this can hurt the investor because you'll find yourself with a unit rented well below market rent when its time to sell.