Why do people who say the only people doing well today are the people who bought long ago (10+ years)?  

Either way, there are several people who make this work all the time.

If you get your system and modeling down and follow what I mentioned above with respect to coming up with your strike price/offer price, you shouldn't look back if someone overpays for the property.

With all due respect Mr Moderator....If it were that easy, I would have done that Everyday of the week and twice on Sundays. 

The feedback I've received from people is that the legal side tends to be excellent. 

Ask multiple people on and off BP (preferably people who are no biased). 

Our program teaches people how to buy small to large apartments, but we don't pressure people to buy large apartments.

However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.

(Many people just assume it'll be fully tax-free because they lived in it somewhere)

People are always wanting passive yields where they do next to nothing for checks in the mail.