You'll pay tax only on what you pull out of the 1031 exchange. 

The outcome was that I was able to pay my son a good chunk of cash for his hard work and I was able to keep a buy and hold property that cash flows nicely with only $5,000 out of my pocket once it was all said and done.

What happens If the tenet doesn’t pay or wrecks the rental property? 

You could potentially sell the property and pay practically nothing in taxes!

Tenant pays a monthly fee for this service in lieau of a traditional security deposit.EXAMPLE: you require a $3,000 security deposit.

From the single-member LLC, i pay myself 100k last year to max out on the solo 401k contribution, while still having a W-2 as an engineer as my main job.my main job pays me 170k/year (Google)my single-member LLC rental pays me 100k/year (as S-corp structure)my question is regards to the payroll tax, i know I already max-ed out on the payroll tax on the employee side, any additional payroll side as employee will be refunded in my tax return, how about the employer side.

Now the driveway and parking lot were already there so no cost for build out and we could use one more load of the gravel come spring so probably another $500.

With a great 3.25% rate and a real cashflow of close to $400 per month this property pays dividends every month.

would hurt anything would be it might decrease the number of types of debt you have but I’d just be happier to have less debt and work on building up your credit score in other more positive ways like paying off some credit cards if you have balances on any of them.

I'm for paying when you want to learn.