I'm currently 23 and have access to around 40k liquid to buy a home when my lease is up in March of 2025.

This type of exchange provides investors with a way of increasing liquidity and diversification of their real estate investments, while deferring very costly capital gains and depreciation recapture taxes that may result from the sale of properties.

So this plan might not cover the risk scenario if we were to liquidate in a timeframe shorter than what we've planned for.

Hello Everybody, I'm 21 years old and have accumulated $2.5 million through e-commerce. 

Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over.

So the good news is that there are currently two full-amenity condo buildings in/near downtown Chicago in prime A+ Class neighborhoods that allow short-term rentals: 545 N Dearborn and 30 E Huron.

Using more of your own money decreases your liquidity, making it harder to qualify for a future loan. 

One of my favorites too! 

@Fareen E. is there a loan on the property?

How is your credit, income, other liquid assets and how will those stand up in a year or two when complete?