If you do 1031 exchange multiple times, do you pay taxes on the profit of only the last sold property or do you have to pay taxes on the total potential profits of all properties.

I recommend that you start with Off Market leads (Vacant, Distressed, Out of State Owner, Tax Liens, etc.).

And CA can only raise taxes on people so much to make up for all that lost tax revenue from those fleeing businesses before they all move.  

I appreciate the response.I do have a couple of follow up questions.One of the big concerns is the high property taxes.

Assuming your prediction of increasing values is true, that will also increase your property taxes. 

Low property taxes, landlord, friendly and restricted building. 

I have constantly under estimated the cost of escrowed taxes, insurance and the such.

Between risk, tenant hassles, vacancies, mortgage payments, property taxes, insurance payments, replacing a roof, water heater and so, it takes a lot of appreciation to actually get ahead on that.

I am new to tax surplus and I want to know how legal is it charge 30-35 % finder fee especially when the "state" puts a limit on unclaimed property of 10%.

When you do a cash out refinance you pay no taxes and if you put 75% down your rate is going to be in the mid to high 5% right now.