We served the second tenant shortly afterwards and once they saw how the other situation played out, my wife was able to work with them to get them out without going through an entire eviction process. 

@Derek BuehnerThe timing of your improvements plays a big role in determining their tax deductibility.

@Lynkeisha Dixon I’ll play devils advocate.

I would venture to guess that Kiyosaki has made much more money from books, board games, and licensing his "Rich Dad" brand than he ever did in real estate.

It's easy to play the what if senario over in my head over and over again, but I've shifted from "What if" to "What's next"!

They wouldn't have any skin in the game and could just walk away and leave you high and dry if things go wrong with the property.

Oakland, Berkeley, San Diego the rules will likely be, or has already been,  changed mid game so the 15 year limit is not reality.  

To answer your question yes its enough but in many cases it might be risky.2. location, room to raise rents, occupancy of property, local laws, type of investment are just a few topics that play a huge part. 

Investors should therefore exercise significant care when choosing their Qualified Intermediary because of the critical role the company will play in the administration of their 1031 Exchange transaction.It is extremely important to note that 1031 Exchange Qualified Intermediaries are generally not required to be licensed, regulated, audited or otherwise monitored by any regulatory body.

The market has changed a lot over the last 10 years, it went from a cash flow play to an equity play.