[quote=moneymaker]Yes I can probably make more money from the comfort of my living room by day trading the market on my days off, especially with the VIX where it is.[/quote]

probably not after taxes….

There’s the alternative….I think… Still looking into the details…1031 exchange rental properties into your next “move up” primary home… Rent your move up home for 1-2 years….Sell your primary home take that $250/500k cap gains tax free. move into your “move up” rental that is now primary home… Live there for a long long time wait for one of two things to happen

1. You die, and your kids get a step up on the cost basis, so whatever you’ve accumulated in terms of depreciation recap and appreciation essentially gets wiped clean for your kids

2. If you do sell the place before you die, I believe it gets prorated based on percentage of time used as rental versus percentage of time used as a primary… If the later is large relative to the former, taxes owned on the former is a minor hit…

Scenario #2 is one of many scenarios I am considering….. ditching one or two rentals that seen hopefully 100+% appreciation exchanging it for a would be primary home…eventually…. Maybe I can finally put a lift in my next home’s garage for hopefully a not so distant retirement. heh heh.