Just saw an article on Bloomberg alluding to changes with 1031 exchanges.  The gist I'm getting is that the cost basis for the new property will be stepped down to adjust for depreciation on the property that's being ...

That skilled is used in every aspect of real estate investing ... if you plan on scaling ... 50 properties or more.

No one looking to buy wants the business, they want the property which can and will be used to build an apt complex of at least 50 apts (on the conservative side)  and possible +100, which we've been told by the board is very likely since they want to build the area up.Does anyone have any experience in building a complex like that from scratch, i want to get into real estate and me (his son) this could be a huge step in the right direction, we have some investors we can sit down and talk with in the near future.

But there are a few exemptions to the rule and I think inheritance may be one of them. 

SF short term rental rules treat it as a separate unit, so you must rent for > 30 days for each reservation. 

Rehab money is not fixed e.g. it could range from 100K to 120KWe have base price of property and then profit would be split 50 % to owner and 50% to us after taking out all expenses.Do I need o hire attorney to draft these documents ?

@Leland Smith Yea we all have different rules.

Thanks for the info. in maine we have added risk and weight of snow and ice. risky add more weight to aging roof. ive done both. but prefer rentals get metal roofs so no build up no replacement for 30-50 years. btw 1 inch ice equals 12 inch fresh snow.  

Rules of the exchange are about intent and use of property, not quality or type.

It worked as planned, but need to have a firm understanding of what the bank will and won't give you, what rules they have, and ten live at the mercy of their appraisal.I'm always happy to discuss the area, so if if you have any specific questions, just let me know or feel free to send me a message directly.