Renovate a rental then sell
We've held a rental for 14 yrs now. Tenant is moving out, I need to renovate to sell. We did a 1031 exchange to purchase this property in '04 and will go through the 1031 process again when this one sells. How can I avoid paying out of pocket for the renovations needed? (approx. $35k).
Many thanks, sorry if this was previously asked -I couldn't locate if it had been.