But that will ultimately eliminate the 1031 advantage because as soon as you start selling the completed properties the gain will be recognized. 

Maybe with their experience they would help you recognize items that should go into your SOW that you wouldn't have considered on your own.

I am not saying that these rules of thumb cant be useful, but I am saying to recognize that they will not guarantee success or failure.

As long as you understand what you are giving up, and recognize that you are willing to do that because you are conservative and interested in higher cash flow, then you already know what you should do.

But I also recognize that the cost is high because taxes are high.  

Don't fight those feelings, just acknowledge them, and recognize them for what they are.  

You just have to show up ready to work for it.I am in no way trying to take away from the individual challenges people face and recognize I have been very lucky throughout my journey.

Also, is zoned SF-2, so condo-ing them off isn't an option currently.Would seem backwards if I wouldn't be able to find a lender for a cash-out refi based on it being "2 units", and also wouldn't be able to condo separately because it isn't recognized as 2 units.Any recommendations here on what strategy to use for the best LTV & rate would be appreciated! 

"I want to believe him because I really need the money…"Please recognize that you're desperate.

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