Section 1031 tax deferred exchange where the proceeds from the sale of the Property are used by a qualified intermediary to purchase like/kind property.

I would like to get this taken care of, because it's incredibly taxing financially when I have to carry these business expenses myself.Thanks,Nick

Comal....the property tax has gotten crazy there.I just show with a single check. 

Also, it will also apportion the profit/losses via the K-1 distributed to each of you come tax time.Good luck.

If a property makes 12k a month, insurance and taxes are 2k, then you would have 10k left.

With approx  7% interest rate , looking at approx 4000$/month(including property taxes /HOA and insurance) out of pocket incase of vacancy. 

My CPA had a letter in my tax prep documents that says that those with W-2 income can't deduct business mileage anymore.This is the first I had heard of this.

It's worth considering my tax position if I were to finally close late in 2025 at 40% bonus depreciation or 2026 at 20%. 

I started in Real Estate last year with Tax Deeds and flipped a couple parcels for profit, then as I researched more, found and fell in love with House Hacking, specifically with small multifamily, as a mean to create cashflow and eliminate my biggest monthly cost: my mortgageI currently have a Single Family Home in Haines City, FL which has gain good equity and I can probably net around 70k by sellingMy goal is to look for a Quadplex in Orlando FL or within 2h driving, just so I can drive and see the properties realistically. 

I don't feel confident enough to buy out of state and the property taxes/interest rates/home prices are so high anywhere around me.