If you intend to hold onto the property, or are just inclined to do your rehabs correctly, get a unit that is properly sized for your ducting and sq footage.FHA HVAC equipment that is oversized for the installed ducting is prone to shorter life span due to short cycling and potential cracks in the heat exchanger since the ducting will not allow the proper amount of air to be moved across the exchanger.

“A property is worth what someone is willing to pay for it”If you can secure seller financing, would it make sense to offer a higher purchase price in exchange for zero percent interest?

So if you're trying to eliminate a mortgage by paying cash and doing a partial exchange your options would be to Do an exchange on both properties as one unit and only replace 50% of the value of what you sold.

My question for you all is, we would love to do a deal where we manage the property in exchange for equity instead of cash.

I would think the seller would try to do a 1031 exchange which would defer any capital gains but you never know.

When a user purchases cryptocurrency at a given price and then later trades it away — whether by buying a coffee or by selling it on an exchange — the sale is subject to capital gains tax because it is considered property.Failing to report the transaction to the IRS could expose the user to criminal and financial penalties."

I'm also not afraid to get my hands dirty, and am willing to help out with anything in exchange for knowledge.

Do I just roll everything into a 1031 exchange or should I pull some money, pay the capital gains and use it to get started with BRRRR?  

Let's say I do a value-add and five years later want to do a 1031 exchange into something bigger.

If I were to find another like kind property that we both wanted to buy together (Property B), could we form 2 partnerships, the first partnership buying Property A from my partner, and via 1031 exchange he transfer his Property A gains into his share of our partnership in Property B?