@Chip ChronisterRemember - purchase $ notes and promissory notes alike don’t always have to be from a sale to consumers.There are many old guys out there who have amassed a good sum of real estate and would much rather have good paper income now.It’s a good opportunity for younger, hustling investors to purchase.

With a "like kind" exchange you are free to exchange your original property for multiple new properties of any type.

Honestly, your best bet is to actively network, read books (boring and interesting alike) and listen to podcasts to develop your knowledge.

I realized that I was not really an investor, I was a gambler. 

Stop looking at it as a %. Like

I’ve been trying to investigate this, and by no means an expert, found this info online, http://www.escapeartist.com/realestate/investments/1031-exchange-foreign-real-estate-tax-considerations/According to this article:“A like-kind property is any property held for business or investment.

The Andersons spent money to sell a home to a buyer who will spend money on the same purchase.Wouldn't sellers and buyers alike be better off by renovating AFTER homes are sold?  

Unfortunately it has to be a like kind (investment to investment), so no owner occupant for 12 months minimum.

I see Jeffrey is a gambler

Since the sale of the property occurred towards the end of the year, in October, the 1031 Exchange was going to receive an Installement Sale treatment and in the event a Like Kind property was not purchased within 180 days the proceeds would have been taxed in 2018.