Historically the appreciation in Worcester has come from 2 distinct factors.  1 Rising tide lifts all boats= all real estate went up for MACRO Economic Factors, supply/demand imbalance, Low interest rates, increase in money supply. or 2. 

With that many years on the earth i challenge you to find your competitive advantage as you will have distinct advantages over others in their 20s or 30s just starting out because of all the relationships you have built, skills you have acquired, and places and situations you have seen.

This is a BIG distinction from a "regular" agent. 

The 5-10 unit multifamily is a pretty distinct financing niche - most options outside of a traditional bank or credit union will likely underwrite it based on the asset not your personal income

He really doesn’t make a distinction between good and bad debt.

The statute literally says the LLC is a distinct entity from its member(s).

Namely for starters, they have professional codes and requirements that force them to pass on investments they would like to buy themselves. 3) I would draw a clearer distinction of sort between "working" and "investing". ;)  Some people just don't have the entrepreneurial spirit or tolerance for risk or etc and thats okay.

And while, generally speaking, there is not much practical gap between 27.5 and 39-yr depreciation schedules for a small property, the distinction is nevertheless significant due to the special rules afforded to non-residential properties, such as expensing of roofs and HVAC.Yes, there's this concept that the property's character is determined at the building level.

@Tracy Graham so there are some VERY distinct differences between these two products.  

Deferred maintenance usually gets more expensive with time, and it's not always the gradual process you're hoping for.)Your dad can avoid paying any capital gains if he does the 1031 and purchases the correct amount of replacement property, and he can diversify as well into different geographies and asset classes- residential rentals, commercial of all flavors, land, farms, whatever.