The 1031 exchange will indefinitely defer all tax on profit and all depreciation recapture.

It is not your responsibility to house this person's items indefinitely in your rental. 

This strategy can be a game-changer for building long-term wealth, as it enables you to leverage your gains without an immediate tax hit.Example: Sell a rental property for $300,000, reinvest in a new property of equal or greater value, and defer capital gains taxes indefinitely.5.

Obviously if I held all these properties long term I could continue to 1031 from property to property and indefinitely defer long term capital gains.

Quote from @Tyler Kesling: Not to drag this thread out indefinitely but if I were to take your advice and start small, is it the dumbest thing to 1) Hire a PM on a single fourplex and 2) Do a HELOC into a DSCR?

This would allow you to indefinitely defer the tax on the property and use it to purchase larger property/properties in a nicer appreciating area.

. § 2A:18-61.1(f) is an indefinite standard and difficult to measure.

Tax on Appreciation is deferred and can be put off indefinitely with current rules.  

Looks like there has been another indefinite stay of the filing requirement as of Dec 27. 

It was slow pre-election but now the bookings have poured in.