I'd love to connect and get your opinion of which areas to look into.

Dan, in my opinion, that is NOT true! 

I'm just getting started with Kunversion and beginning the training on it, so I'm not an expert yet. 

I really have no opinion on what you should do, here. 

You get the property, while they:preserve their basis and future step-uppay zero capital gain taxcreate stable income for the rest of their livesrelieve themselves and especially their heirs from the hassles of property managementTalk to 1031 experts like @Dave Foster and @Bill Exeter to explore available options.

- refer to the original depreciation schedule but "pause it" so that I pick up depreciaiton as if no years had passed in between rental use (this doesn't sound correct, but it's an opinion I've come across in my research)- start fresh and ignore the previous depreciation schedule, picking the lesser of an adjusted basis (original home purchase value minus land value + improvements) or fair market value minus land valueI have spent several hours looking at IRS publications and searching forums with mixed or no advice.

Hi All, here's a potential deal I would love some opinions on considering a fundamental decision must be made for it to be viable.Triplex currently listed at $127kDown Payment: $31,750Gross Monthly Rent: $1,500 (500 each)Estimated Expenses:Mortgage: $500Property Tax: $80Property Management: (10%) $150Water + Trash: $150Repairs (5%) $75Capital Expense (10%) $150Vacancy (5%) $75Total: $1,180 MonthlyCash on Cash return: $3,840 (About 12% return on investment)Property was built in the 1930's and states "could be rented for higher with work/repairs" Average comp rents seem to be around $600-700If I could rent each unit for $600, updated ROI could be up to around 20%... 

@Chuck Rhodus My opinion on this topic is...well...less than popular:If you have to ask, use one!

Your CPA and attorney should be both on the same page3. make your first investment simple and easy and dont complicate it.I dont think you are quite ready to do anything until you get some one on one advice from some local experts.

I just wanted to get a feel for the general opinion on some of the neighborhoods I've been looking at in the city.Manheim Park/South Hyde Park/Squier ParkStratford Estates/Ruskin HeightsMarlborough