And while you can take the 121 money without any reinvestment, you can actually use the 1031 portion to buy another multi family you can use the same way.Tax free and tax deferred - the holy grail!

Holy wow thanks for the fast responses guys. 

@Brian Hughes, holy cow, thanks very much for typing that all up--that is incredibly helpful insight!

@Randall Weatherall Holy crap! 

On 1200 sq ft Holy cow what market / contractor do you use

The way I got into real eatate investing was that my wife called me up and told me we were buying an investment property.There was no pivotal moment of decision, no holy calling, no near-death experience with a message from beyond, no vision quest in the desert, no mystical signs and angelic fanfares from the heavens.

Sorry but I could not help not to comment on itBuying a toilet seat and trying to get reimbursed for it from the landlord and then to take that toilet seat on the move out....Holy cow.Husband took sh*t to the next level :)

I am early into exploring Worcester and my understanding is that Holy across now allows for off campus living due to their housing shortage.

Holy cow!  

That is one of the "holy grail's" of this business (the other is pricing).