First of all, the don’t actually do anything preventative such as lubing or cleaning.Back in the day, HVAC tune ups actually consisted of coil cleaning and perhaps electric relay exchanges , etc.

One thing I've done, on the advice of a mentor, is to offer a slightly lower rent, in exchange for a longer lease (24 or 36 months).

-Deduction of expenses & mngt fees from rentals -Deduction of mortgage int paid & lending costs -Additional tax sheltering if investing through a SDIRA or 401(k)-1031 exchange, pay no capital gains if investing money made into another RE deal (possibly the very best tax benefit only available in the US)!!

I know I'm trading them the data in exchange.

@Chris SeveneyRegarding the accounting/taxation of the fund - you want to make sure the accounting firm has the knowledge and capacity to take on the work.Does the accounting firm know answers the to the following questions.Do they specialize in partnership taxation -Do they know how a partnership return is impacted if there are foreign investors, tax exempt investors, individuals as investors, entities, etc.Do they know how to deal with the taxation of the operations - If this is a real estate fund - do they know the in and outs of 1031 exchanges, how different items are depreciated, 1250 property, 1245 property, bonus depreciation, section 179 expense, etcDoes the fund operate in multiple states - are they familiar with the various state tax laws.Will the fund allow composite return to be filed in behalf of its investors - does the firm know which states offer composite returns and in behalf of which entity types they can be offered for.etc etc etc

I am working on my taxes and feel that it is likely I should have a CPA with knowledge of 1031 exchanges and investment real estate.

I am open to all feedback and criticism, and would love to have a mentor to teach me in exchange for work.

@Susan O.The tax reform limited 1031 exchanged to real property only - meaning 27.5/39-yr property.

The arrangement is in exchange for an equity split of the profit upon sale of the property.

1031 exchange into new construction.Any cavaets to consider when selling older investment property into new constructions via 1031 exchange?