If you do a 1031 exchange, you can defer both the capital gains tax and the depreciation recapture, which is a nice benefit.

Because I benefit from more business oriented books I also like Who Not How and Gap and the Gain by Dan Sullivan and Ben Hardy.

Look If you are thinking of house hacking, then who cares if the market is overrated or not, as of right now if you have been renting all of these years you have been loosing $25-40k each year by renting and not gaining from the Miami appreciation of the market.

It's not profit until you access it in some form of cash.I've seen investors loss properties with equity (a few with a lot of equity) because they can't sell at a price high enough to gain that equity, or because they can't refinance it due to the negative CF,...which would increase with a new mortgage.

It's a great way to gain hands-on knowledge and connect with experienced investors!

The $450K will be returned to me as payback of my loan to the intermediary, without trigger any capital gain taxes, right?

I will pay attention.

However, if you have 2-4 unit rental properties, you may not gain much benefit from listing on these sites, as they primarily focus on commercial properties.

Bottom line, the phrase IMPLIES that there was more value to be gained that wasn't realized.

My educational background is in science, but my personal background is rooted in the Midwest where I grew up on a farm and gained a skillset in everything mechanical.