Quote from @Michael Smythe: @Tuan Tran don't fall for all the hype about S8 by so called online "gurus"!

Its this sharp depreciating component which has always prevented such a purchase.  

Be sure your lender is comfortable with this, as many fear giving folks primary loans for properties they view as having a high probability of being turned into a purely investment.

Sounds like @Tom Wong & @Aaron Ward are doing it, I'd love to connect with all of you. 

The rules are pretty complicated and the only people who really know all the terms and rules thoroughly are the Rent Levelling Board.Caveating that I’m not an attorney so go seek your own advice but I clarified a few things at a recent rent levelling hearing (which are open to the public and you can find the schedules with a simple Google).

Then these are applied to all properties in that area of the city.

This includes structural components of the building.

If you can find practice tests, that is my recommendation - that is what I did after taking the required time component and did not have any issues passing the test. 

The $10,000 yearly maintenance fee is really hurting your cash flow, as it’s eating up all your profits.

The 1031 exchange will indefinitely defer all tax on profit and all depreciation recapture.