@Patrick Rafferty, Any tax paying entity can do a 1031 exchange. 

Did you know that the tax code offers many incentives for real estate property owners that have a cost segregation study performed, thus allocating costs to 1245 property?

Regardless build a schedule so you do everything you need to get leads and produce deals

Tired land lords, pre F/C, tax liens, and probate sellers. 

For the tax experts here, when I take a policy loan on life insurance for private lending, how should I structure it to minimize taxes?

We pay too much for housing, material, taxes....Flipping is definitely a great business, but in LA, there is too much competition and very low inventory. 

you should find someone who you can shot the deal over to, they say yes or no then you toss the EMD down.... if a purchase and rehabhow many deals have you done, address, purchase price, est rehab cost and est arv, credit score and llc name.for a 30 year fixed long term purchase or reficredit score, address, purchase price or est value, rent or expected rent if purchase, taxes and insurance.these are deal by deal.

We wanted more property for our family and extended family and I knew I could use it as an STR to offset costs and pretty much give us a place that pays for itself while getting some tax benefits, equity, and possible refinance in the future.

I bet your insurance and taxes went up more than 3%. 

We have one this coming Saturday so hopefully you can make it out, here is a link:  https://www.biggerpockets.com/forums/521/topics/1177645-tax-...What brought you to Chicago from Dallas?