Purchase price: $1,150,000 Cash invested: $300,000 Sale price: $1,628,000 Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read vaulted skylights) that made this property truly one of a kind.

Now, property values have dropped—almost to the point where the capital gain tax I avoided through the exchange is offset by the decreased value.Has anyone found an effective 1031 exchange strategy that allows you to take advantage of the tax benefits while still buying the replacement property at a good price?"

All of this would be written out in an addendum to the sales contract and signed by both parties prior to closing. 

My LLC is 100% owned by my 401k.

Now, I'm seeking to scale up and build my portfolio by investing in multi-family properties.

I'm local and definitely can see how that is a tough choice with the location.If it was by the numbers I'd say spend the money to make it worth as much as possible and try to sell, then use the profits to fund what you want to do next.

Most markets the physical vacancy is 5-10%, good chance you can find it by googling and seeing what the average is.

Also keep in mind that if you are looking to BRRRR these properties that there should be a decent amount of need for rents in the areas you're working.I do offer BRRRR loans for the rehab and refi's as well so if you did want to see examples of what pricing and required liquidity may look like at different exp levels I'd be happy to help however I can.

My first thoughts is to install keyless doorlock, ecobee and make sure kitchen has everything needed by guests.

To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.