There is a LOT that needs to be fixed/adjusted as things have not been correct for a while.

Correct, selling but not putting proceeds into a new 1031.

Eventually might help with tax if planned correctly.

The links you provided turned me in the correct direction!

Yes, that's correct!

Correct the problem now. 

These studies can be pretty complex, and a third-party expert will ensure it’s done correctly and that you maximize your depreciation.

@Samuel KoekkoekWhatever you do, dont get into the S&P in the next 6 months, every time on the lastv30 years the Fed has cut interest rates by 50 bps, the market has had a minimum of a 30% correction.

This would ruin any of our chances to take advantage of a 'first-time home buyer' program, correct? 

That's correct.