Then when I decide to execute 1031 exchange, I wonder how does my home equity loan impact the value I must carry over to my replacement property?

(had to tighten a hand rail, replace the two pumps on the furnaces, put batteries in the fire detectors (I forced them to rewire the fan and lights in the bathroom).Its a pain dealing with an unmotivated seller, and a real estate agent that relies on email to get anything done (especially with the city (when repairs were done, told me that main inspector was sick, and underling was doing inspections and that he was emailing back and forth about getting the rein spection, It took one trip to the city hall in person for me to get the place inspected the next day)).None of this would of happened if I hadn't had the code to the lock box.

I am concerned that I will open the walls and find that everything will need to be replaced.

.- Had handyman tear out some tile in a bathroom and replace it, as cheaply as possible.

Your brokerage business will be the engine that supports your investing, so it is important that you build that, and build it big.

Help find a replacement tenant or allow the existing tenant to break lease and move out.

In other words, does depreciation recapture add to capital gains, or replace it?

As you have said in your post, you have a six figure income, are you looking to replace/grow your current income?

Both showed up in the city permitting so no issues there.Frame new bedroom in front portion of houseRepurpose laundry room into master bath suiteRepurpose current master bath into master closet and washer/dryer closetEnlarge openings into kitchen and family roomTotal kitchen gutReplace all windowsRelocate front doorAdd front deck and replace back deckAdd central heat/air as the house had window unitsWhen we first walked the property the front room felt like it sloped.

Engineers, architects, etc make things very costly!