I am interested in learning from other people's experiences with this, just in case my interpretation of the whole situation is not correct. 

Just saw an article on Bloomberg alluding to changes with 1031 exchanges.  The gist I'm getting is that the cost basis for the new property will be stepped down to adjust for depreciation on the property that's being ...

I believe I was interpreting hard money as not only the interest rate per month, but also a mortgage payment.

Interpreting leases:  Lease controls where it speaks on a topic (and not void or voidable under statute). 

It takes someone who knows something to interpret that data.

@Armando PayanoOnce you know those things, how do you interpret them?

I have looked at a lot of data over the weekend, just don't know how to interpret it to prepare my list of cities (it has cities from all kinds of States). 

I would recommend placing the property in an Illinois Land Trust then leasing the property to the LLC with the right to sublease.Your bank as interpreter of your FHA loan makes the final decision.

But the IRS interprets this as taking profit first. 

The light sensors of digital cameras are optimized to work best in this light temperature and the white-balancing programming that interprets the raw data and turns it into a jpeg-format shot does the least heavy lifting with this light temperature -- it's a feature of how the tech works.