I assume I would lose the fee I would pay the intermediary if I do not complete the 1031.

It has not gone in my favor and is taking up the entire useful part of my lot that I am stuck owning and paying taxes on because it is tied to a mortgage on a MFH that I own.

You of course have to find a deal that will allow you to make the extra money that would pay for that.

Better yet, have an attorney draw it up since he will know what questions to ask you two. commissions are earned and should never be put back into the project your partner will owe personal income tax on it.. if you want to get a credit for it.. you have the seller lower the price by the commission that is how you handle that.. if its to late then its his money and he should pay tax on it and keep the rest.

Having a paying Tenant is great and shouldn't be dismissed lightly.

Plenty of turnkey deals here that you can sit on passively and let the mortgage pay down and appreciation do the work.

The allows you to have a Master LLC and then spin up separate LLCs underneath it without having to pay an additional franchise tax or file a separate tax return but gives you the flexibility to hold certain assets in those entities and even have the ownership structure be independent (e.g.

The surplus does not pay the first mortgage or taxes.

I think that's fine as long as, and this is important, you DO NOT pay market value for the home.If you pay market value you're going to expose yourself to fluctuations.

How would you pay the person if this is part-time help?