Hello everyone, I am selling an apartment building in California using a 1031 exchange (to buy property in the Midwest) and am wondering if I can use my passive loss carryovers and disallowed losses for that property to offset any boot because I am planning to use the cash pullout as reserves or repair money for when the replacement property is vacant. 

However, I feel like there's a lot of potential to run into a lot of walls/pitfalls that can cost a ton of time/money if I do this route.At the end of the day, I want to put a lot of emphasis on using the newest technologies to streamline the business as much as possible. 

For me, I see a renovation as an opportunity to put in the right amount of money right away.

Less money out of your pocket.2.

If you are looking to raise money from RIA’s and registered reps you will need to have one of these reports.

Or if things are that slow in the off season , shut it down , if the rent is canceled out by the cleaning , you are still losing money , electric and wear and tear . 

I use the Zelle app to collect upfront money from tenants and it is instantaneous with no take backs but it is not automatic so I doubt you could set it and forget it.

if you are looking to get out of the 2nd job and get some time back being a hard money lender or other "money man" part of a deal is about the most passive you can be.  

When you sell, how is the money divided up? 

It gives you valuable experience as a landlord firsthand which will be helpful down the road when you consider a BRRRR strategy with hard money.