Would you possibly like let me treat you to dinner and pick your brain?  

-- learn all the definitions of the words they use, learn how they think, how they talk to people they are negotiating deals with, how they treat people they work with, how they recognize a good deal -- and start practicing all of that with people you know, and meet!   

And the QI can treat it like a simultaneous exchange for each party and provide all the papering necessary to satisfy 1031 regs. 

It wasn't that someone was being soft, they just weren't treating their rentals like a business.

It's not a cash cow and it doesn't meet the 2% rule but it is easy to maintain with pleasant tenants who pay on time and treat the place with respect.

While there is some inherent "sale" from one or two that have and develop the idea it is treated different.

I send him all the details about what I spend and let him sort out exactly how things get treated.

Don't forget that you will be able to deduct the remainder of the basis at the time of disposal; however, you will treat any payments you receive for the items as the sale price.For example if your window is replaced at year 15 you will take the rest of the depreciation as a deduction and you will begin depreciating the new window.

i've heard of deals where you put, ie, $5000 down towards the future purchase. if you don't buy, landlord keeps the money.Now if I were the renter, & lost that much coin, cuz I didn't like the place or (more likely) didn't qualify for a loan, I'd be pissed & trash the place.Plus, as a landlord, I wouldn't want to treat people that way.

First, I'd discuss with your broker...But, that said, what's generally customary is that you disclose that you're licensed, and you treat the buyer as an unrepresented customer (not a client).