Clearly she had been down this road with other people and knew exactly how it would escalate.

Last year I re-read Rich Dad Poor Dad, and I've immersed myself in learning more about real estate investing ever since. 

I would remove the parts that don't pertain so you don't have to bother with checking boxes or lining through clauses that don't apply.

THEY ARE NOT LIMITED TO ONE PROPERTY.So, they can 1031 to 2 or more additional properties OR 1031 into a rental property plus a DST so that all the profits are used up in the exchange. 

Make sure your wife agrees with this plan, though.

This is a great place to connect with people so take advantage of all the great resources.

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.

With buyers and renters relying more on online listings, I'm curious how valuable do you find virtual tours in showcasing properties?

This man’s contract was 100% fulfilled, with this being a wholesale deal we could have easily walked away but we provided him a service John you seem to be upset because the house wasn’t exactly how you wanted it?

@Joe Michaels, What a lot of investors will do is to use the 1031 exchange as @Michael Plaks said, isto actually "acquire" additional depreciable basis.