This book is a fantastic read, explains concepts in such a way as they can be easily grasped, and I would highly recommend it to anyone who is new to real estate and wants to learn how to get started as well as what real estate investing is really about.

Do you have a firm grasp on the numbers of each, and a high level of confidence that you can meet them?  

It was a little hard to grasp at first, but after attending a few seminars and talking with a trusted CPA I think I finally have a handle on it.If you don't know what they are, Google them and you'll get maps and all kinds of web sites of investment companies and financial advisors telling you about joining a fund to invest in them, but it's much simpler than that.

We knew the area and have a firm grasp on what buyers want.

We knew the area and have a firm grasp on what buyers want.

One of our partners spearheaded the legal side so I'm still trying to grasp all the details. 

We have a very unique real estate market here, and it can be difficult to get a grasp of it.

Though, I guess I am not fully grasping the risks associated with this form of investing. 

Changing the locks was a grasp at straws kind of thing, again I am glad it didn't come to that!

But the quality of your team becomes critical when dealing with the time lines and restrictions of the 1031 process.But you've got a leg up in your understanding from the get go - not many folks grasp from the beginning that their tax burden is as much the depreciation recapture as it is the pure profit - kudos!!