But if you do your 1031 and position the replacement in a tax free state like FL or NV and then later establish residency in another tax free state you will be able to sell that asset and you would only pay the tax due the state where the asset was and where you reside - in other words zero!

Here's why:"An LLC for real estate is an established legal entity that allows investors to purchase and own real estate in such a way that protects them from personal liability.

Hey @Daniel Townsend,Whenever you end up partnering with anyone it's generally smart to establish and LLC, and through it create an operational agreement.

You have until tax extension to establish it and fund it. 

I want to work as an agent to help build my foundation, create contacts, and establish a reputation.

From this point and hopefully with a more established financial situation, I aim to acquire another MFH, move out of my initial unit, and update the former unit with the ability to claim deductions.

Once you get established you can cherry pick your deals to expand into fix and flips, then keep some of the multi-units for long term wealth.

You should speak to a mortgage broker (not a bank) about that first, so you can establish a baseline for your numbers.

.- Perform sewage line inspection every five years, especially with old, established trees in obvious vicinity to sewer line, maple root systems are typically shallow and extensive (<5 feet)/oaks go deeper and never stop growing even if the tree branches keeps getting trimmed back (>5 feet).- Monitor typical icicle build-up, watching for insulation/roofing degradation.- Glyphosate weedkiller application 2x yearly, early spring, midsummer in problem areas.- Check window trim for wood rot (I have a constant bone to pick with window replacement companies that offer window wrapping for older homes, completely hiding existing trim as it degrades further and lets in more cold air!)

Establish good partnerships in US.