I would like to put this in a 1031 exchange so that I can avoid the CA 40% cap gains.

I want it not necessarily to become a realtor, but more so to provide a slight advantage to myself financially to both the purchasing and selling of real estate but also to gain access to MLS listing.First, I'd like to ask if this is even adventitious as a real estate investor or if I'd be merely wasting time and money?  

I was just promoted to manager of the apartment building where I live in Tacoma so I will be gaining lots of valuable property management skills.

And if you run an active business out of your IRA- all of the income/gains/profits from this activity will be subject to UBIT (Unrelated Business Income Tax).

Is it worth selling the unit to realize the appreciation gain?

I am looking to expand ,gain and share some knowledge.Boris.

Long distance lawsuit will be more expensive than what the seller thinks he will gain by breaching contract.

You hopefully are prepared to invest the time and you will gain knowledge by spending time on BP.

If you were able to buy low, rehab it, then refinance it at a higher appraisal value, you could take the equity gained from there and do it over and over again, theoretically.

Do I have a gain or loss?