I'm under contract to purchase an apartment building in Ohio.

Purchase price: $443,000 Cash invested: $60,000 I've included the mortgage, a 5% rental vacancy rate, and a 5% capex reserve.

Purchase price: $136,000 Cash invested: $10,200 Small house with detached ADU in backyard.

Purchase price: $151,000 Cash invested: $60,000 Last year I bought my first investment property, a duplex with 2 bed/ 1 bath in each unit.

Hello Team,Currently I purchase distressed properties, flip and resale. 

If this is the case then I don’t owe capital gain taxes because I paid more to purchase and renovate the LA property than what I didn’t spend in the 1031 exchange?

I'm considering the purchase of a large home and converting it into a 4 or 5plex for Senior Independent Living with some amenities.

For 2024, I will have a significantly higher W-2 income (600k) due to unplanned stock option income (company I work for was purchased). 

I am risk averse and if I were to purchase, I would tear down to the studs and do a full rehab {this would include getting rid of asbestos shingles and insulation).1) I have done a ton of research and it appears as if getting rid of asbestos is very DIY able assuming you spend money on the safety equipment and use it properly. 

You can move on from there and purchase a SFH if you don't like sharing a MF.