It is the only entity structure whose rules allow the business owner to take a “reasonable salary” (subject to social security and medicare) and then take the remaining profit (often as much as 50% of the remaining income) out as distributions not subject to self-employment taxes.

things don't work out, she moves out with her 2 kids, and he remains with his child, you know exactly who's in your property.Following your process and being consistent is the best way to avoid trouble!

They'll stop showing up when they get to a point where the remaining work isn't worth their while for what you're trying to (not) pay them.

But all in all the quality of new housing developed during that period is subpar : cheaply built and poorly designed.On the other hand, the Altbau (pre 1953 construction) inventory in the East remain significantly more attractive.

The market:  Omaha has been in a total seller's market for the last couple of years, and this past winter, in which the cold weather typically slows sales down until spring, it remained hot, setting up for a crazy spring.  

Be patient, when they pass you will receive a portion of what is remaining to do with as you please.

Lesson I have learned from this is to remain open minded no matter what the circumstance.

thanks, @Bill Brandt and @Dave FosterI would qualify as #2, where I basically lived in the property for 2 out of the last 5 years and now have it as an investment property.My question boils down to this (and I think Bill touched on it), I can take the 121 to avoid cap gains tax up to 250k, but for the portion where I have to recapture depreciation, can i use the 1031 to not pay that remaining amount? 

At the end of the 12 months, full remaining balance is due which I would then go to the bank across the street and get a mortgage.

Now those two are divorced, the two rentals have been sold, I got my investment money back (and then some), but the 2nd mortgage remained on my property.