I'd love to start syndicating Apartments that have deferred maintenance or need a management revamp.I kind of understand the process....1) Find a deal2) Analyze the numbers3) Make an offer4 or 5) Walk Property and create assessment (ROOM BY ROOM) / Raise Capital?

The capital gain that could be deferred into 1031 or stepped-up at death.

How can I defer or decrease the taxation on income.

I have made $97k gross for year, plus another $35k or so I am deferring.

Make sure you do your due diligence before you hire GC get referrals and extreme vetting, and keep in mind that your 4 weeks expectation mite defer significantly do to pulling permits or possible rezoning.

Is there a way to way to do the 1031 deferred tax deal, where I could sell this property, defer the taxes by purchasing a different one?

That tells me what needs to be included in the Rehab and what can be deferred. 

To be able to easily find 9 caps you will need to be looking in higher crime areas with deferred maintenance.

For the investment property, you can use a 1031 exchange to (perhaps indefinitely) defer the capital gains and unrecaptured depreciation taxes if you acquire a qualified replacement property.You can have your cake and eat it too.  

We deferred our Mgmt fees until the occ and cash flow improved.