Here’s a story that illustrates this point perfectly.A few years ago, Dylan, one of our team members, was at home on Christmas morning with his family when the phone rang.

So I basically buy move in ready deals that fell through on financing, frustrated seller, make them a quick no-contingency offer and close at their original date (or close to) - best I can do right now.

They have tripled in four years basically.

Hold for 20 years +you do the above its basically impossible to make a bad investment 

This is the most basic level of protection and it is not very effective, but it is still better than nothing.

I went back and read my initial response expecting it to be a lot worse and it was basically nothing, just my usual trashing of wholesaling.I know being a moderator is absolutely thankless, but this was likely because she used some buzzwords that were completely fabricated to make her look bullied when everything she was saying was about 10x worse than my responses in my opinion.

BP does offer some basic info on markets, but I wouldn't solely use it to pick where to invest. 

Been educating myself for a while now and understand the basics of the process.

However dependent upon taxable income you could get away with a pretty low tax bill due to favorable capital gains tax rates.Be sure to work with a qualified intermediary and a tax professional to ensure you comply with all 1031 exchange regulations and to be sure you keep basis correct as all a 1031 does is defer your gain.Happy to help run some numbers or do some basic analysis for you if you would like. 

He sent over a contract...basically the terms are they take 50% and they do all the work?