So, does a 3rd party purchase the property and the buyer pays the 3rd party?

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.

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

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.

I've purchased two properties personally utilizing seller financing and represented at least a handful of buyers acquire properties with private mortgages over the past five years including friends and family members.

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

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 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.