I'd suggest not getting into the popular thinking or promotion of doing a 1031 until you get with a good tax advisor, one who has no interest in you doing one, and ensure that your marriage to the property type will last. 1031s have a valid place in your planning when it is truly beneficial, it's just that it isn't always.

here is part of the proposal:STORE SIZE & LOCATION:The demised premises will consist of approximately 2,000 square feet.Said premises to be located in the Shopping Center as shown on the attached site plan.LEASE COMMENCEMENT:Upon mutual lease execution and Landlord’s delivery of the demised premises.TERM:The Term of the lease shall consist of a period of ten (10) years commencing one hundred twenty (120) days from the date Landlord notifies Tenant that the premises are ready for possession or upon opening for business, whichever date shall first occur.RENTAL: Tenant shall pay Rental during the first year of the primary lease term an amount equal to $31.00 per square foot on a triple net basis.Tenant’s annual rent shall escalate at the rate of three percent (3%) per year.Said Rental will be payable in equal monthly installments.OPTION TO RENEW:Tenant shall have one (1) five (5) year option to renew this lease.The Rental in the first year of the option period will be three percent (3%) greater than the rent in year ten (10) of the primary lease term.Annual Rental shall escalate at the rate of three percent (3%) per year.PROPOSED USE:A first-class frozen soft-serve yogurt operation similar to other Frozen Yogurt locations and for no other purpose (to be further defined in lease).ADDITIONAL CHARGES:REAL ESTATE TAXES:Tenant shall be required to pay its pro rata share of real estate taxes and assessments on the land and improvements on the shopping center site, estimated to be $1.25 psf.INSURANCE:Tenant shall be required to pay for its pro rata share of fire and extended coverage insurance on the building, estimated to be $0.29psf.COMMON AREA MAINTENANCE:Tenant shall be required to pay for it’s pro rata share of Common Area Maintenance costs, estimated to be $2.44 psf.LIABILITY INSURANCE: Tenant shall provide liability insurance in keeping with the requirements of the Landlord and/or Landlord's mortgagee.STORE FINISHES:Landlord will deliver the demised premises to the Tenant with RTU’s in good and working order but otherwise in “As-Is” condition.All improvements will be at Tenant’s sole cost and expense.SIGNAGE:Tenant may use its logo and colors for said Signage on the fascia of the said premises as long as it is subject to the Landlord’s sign criteria and governmental agencies governing the project.SECURITY DEPOSIT:A Security Deposit equal to $2,500 is due upon execution of this Letter of Intent.

For all intensive purposes we look like any other management company.I do not know anything about the Manager to Owner/Investor relationship.

As such, any distribution taken from a Roth for that purpose and under those conditions will be both income tax- and penalty-free.But remember that under the Roth distribution ordering rules, the first money out will be annual contribution money, which is never taxed or penalized.

I just sold my condo so I have the option of moving in to this property and buying another property for myself OR to buy this for investment purposes only.

If used for business purposes, the interest you pay yourself is tax deductible.Are you getting started in real estate?

Getting a Real Estate license solely for this purpose is not very effective, but also possible.

Those who promote the strategy are either unknowing or they are lying saying it's the place to start out.

The whole purpose of this post was because I am closing on a 2 flat that has had the copper stolen.

I have a better sense of direction and purpose then I had before.