My name is Evan and my beautiful wife's name is Tara.

That's the beauty of this forum.

Hi @Tony Lin, Yes, if you meet the reinvestment requirements of trading equal or up in value and reinvesting the appropriate amount of net equity (net cash), your capital gain and depreciation recapture taxes are all deferred into your new replacement properties.It also that the capital gain and depreciation recapture amounts would not be included on your income tax return and would not count toward/trigger the Medicare Surcharge.The beauty of the 1031 Exchange is that it keeps all of your funds in your pocket working for you in building wealth for you instead of the federal and state governments.You do not necessarily have to pay Uncle Sam a big tax in the future.

Approximately 500k needed to be invested to make it beautiful like it originally was in 1908.  

What a beautiful place.  

You live in a beautiful area... life is good if you're loving your W2 job too!  

A beautiful way to put some of the chips from the table in your pocket and still keep playing with more of the house's money.There's not nearly enough information to completely analyze your situation but one glaring thing is that if you hold that property as investment and it causes you to have to take even a 2% bump in interest on your next purchase that by itself would totally erase the positive cash flow you'd be experiencing by renting both halves.

Hello,My name is Nouel and I will be going to beautiful Miami in a week or two.

Knock on the door (or leave a hand-written note) and express your interest in getting the property fixed up and beautiful again.

Hello beautiful people of BP KC,I'm getting an apartment worked on now.