I know we need to decide but I am just trying to see how it is normally structured.

Normally this boot would be taxable but since you qualify for the 121 exemption your accountant files the appropriate form with your tax return and that $500K is tax free.Meanwhile the remainder of the gain ($300K ish) and all depreciation recapture go into the 1031.  

My agent is treating it as normal, is it normal?

I liked going to Las Vegas, but normally stayed on the strip and the casinos.

I normally work in the upstate of sc but let me know if there is anything I can help you with.

It will work fine, and then it looks normal.

21 years ago, I did EXACTLY what you mentioned in your first post.... bought a 2 family building in Brooklyn, lived in the basement and rented the other 2 apts, did not have cash flow but at least broke even.Back then, I bought the property for $340k with a Mortgage of $272k, fixed.That Mortgage is nearly gone and 21 years of rent appreciation has given me a very decent cash flow as the rents rose way above my mortgage and other expenses.This is NYC, it is normal for Market Rents to rise very consistently for a long period of time, barely dipping.That house is current worth $1.7 Million conservatively.

If a section 8 tenant applies you do your normal background check like anyone else and if they qualify then the local office will schedule an inspection and provide the list of updates, if any, that need to happen. 

Normally they are a little bit more expensive than Foremost.

And I find houses that are great rental properties just they are behind 5k+ in arrears plus closing fees and others I’m normally at around 8k to get the house and I currently don’t have quite enough to recoup right away.