@Joe NA, Regardless of what direction you go, you'll be wise to use the 1031 exchange so that you can access all of the profit (and the associated tax) for your benefit as you grow.Keep in mind that in order to qualify for a 1031 exchange, the property you are selling and purchasing have to be held for investment, which is why fix n flips do not meet these criteria (they are held for resale).

We live an hour away and so not very easy for us to constantly keep monitoring it.

In contrast, in Miami, where it’s hot year-round, ACs are constantly running, which encourages regular ventilation and often delays the need for vent cleaning.Generally, I recommend a professional HVAC vent cleaning twice a year, but the actual need can vary depending on usage patterns and current system conditionsDo you mean twice yearly servicing of HVAC or twice yearly vent cleaning?

Our landlords who do lots of renovations usually have these too.Super helpful to us as their bookkeeping service provider so we can cross-reference their trackers and logs with what comes through their bank accounts and credit cards.This not only helps us with categorizations, but we also catch mistakes and discrepancies constantly between what they report and their actual transactions.

Here is the background:I have a 4 unit multifamily in the city that I am considering selling for the following reasons:-Gut renovated 2 units; other 2 units have long term tenants and those units need gutted (old electrical and plumbing constantly giving me issues) + big ticket items coming due (furnaces, deck rebuilds). 

That cost is better than constantly leaving time against you, as it's inevitable you'll get burned eventually.

We find land constantly, have a proven track record of super high IRR (worst build was 18% IRR). 

Because we all know what the struggles of being a business owner are—dealing with constant rejection, adjusting to new difficult circumstances, or making a new plan overnight. 9-5 salary workers just don't understand!

Rent Collection & Delinquency: Late or missed rent payments strain cash flow and require constant follow-up. 4.

Rent Collection & Delinquency: Late or missed rent payments strain cash flow and require constant follow-up. 4.