Or some combination.  

However, if they have not and if they're willing to exercise a little patience then they have an excellent opportunity using a combination of sec 121 primary residence exclusion, 1031 tax deferred exchange, and installment sale rules to accomplish the following:1.

Biggerpockets search function - Use the search function to see if a BP colleague requested a CPA in your area.

The regulations provide a list of situations where the unit of property is restored, such as if the expenditure (a) returns a unit of property that deteriorated to a state of disrepair (and can no longer be used for its intended purpose) to its ordinarily efficient operating condition or (c) replaces a part or a combination of parts that comprise a major component or substantial structural part of a unit of propertyIf you had just patched the crack that would be repair.

Biggerpockets search function - Use the search function to see if a BP colleague requested a CPA in your area.

I'm planning on doing a 1031/121 combined exchange/exclusion in a couple years. 

"We will be filing one tax return per jurisdiction with the total combined reservation revenue for all Airbnb bookings in the area," Airbnb said in its release.

Our original plan as advised by the previous CPA was to use his Solo K retirement to fund down payments and combine that with long term hard money loans but the new CPA said using a Solo 401(k) to invest is a bad idea (something about the taxes being higher than potential income?)

Combined with low inventory and a lot of buyers means driving prices up because of demand.

Do you need bookkeeping or property management functionality (or both)?