The real “value add” was in knowing when to act decisively and move with precision in the market.

Today, I’m especially focused on housing innovation—particularly ADUs, where design, data, and policy intersect to meet urgent housing needs.Earlier in my career, I trained as a chef and rose through the ranks in high-pressure kitchens, where I developed creativity, precision, and leadership under pressure.

And if they only do a few exchanges a year it's hard for them to give you economy of scale on pricing. 

This project underscored the importance of managing larger renovations with precision.

., a tenant-in-common (TIC)—so you’re exchanging real estate for real estate.

@Franklin Marquette, Having a TIC would not obstruct the other partners from doing a 1031 exchange.

Originally posted by @Leslie Pappas:I think the TIC idea will allow you to 1031 exchange out separately.

. §1.168(k)-2(g)(5)(v) "Example 4" describe how bonus depreciation can work with a like-kind exchange.

This is referred to as a "Reverse 1031 Exchange".

However, even in an equal exchange, recapture tax might apply.