I guess the most important piece would be the gains....it would, very likely be well over 500K, that is actually sort of what sparked my interest in getting more information about 1031.  

It can be a meaningful difference because it enables me to write off $25K in rental loss per year AFTER I have reached the higher tax bracket.  

to use your local newspaper....you can find out if it is good or bad just by looking at your local newspaper...such as rental in the areahow many listed for salehow many listed for rent (determines if its more investors in that area or not)and much much more....and if that spark your interst call your local realtorthey can help you out for more info....i don't go right into a realtor....since i feel bad if i work them to death and you don't buy from them..hahahai only use them if i am serious in that area to purchasethankssunsmicro

To provide meaningful feedback on your potential deal, please provide some additional information, including:- rough location.  

Garfield Heights is one city that has a POS, but they have temporarily eliminated the escrow requirement to spark activity in their city, which has taken a beating with respect to home prices.Some other cities that don't have POS:  Lyndhurst, Richmond Heights, Parma, Parma Heights. 

Rich Dad, Poor Dad was one of the fundamental elements that sparked my start in real estate as well.

YOu tell him Sam... those of us that are so blessed by real estate and are on BP  we want to show that we give back in a meaningful way.on this deal did you use a broker for your senior first position debt or did you use a local community bank or regional bank ?

There is not guarantee that will happen again, but I think the prices are much more likely to continue to climb over the next 12 months than they are to drop any meaningful amount over that same period.

I am not hopeful that "Social Security” will provide much of a meaningful return so I will not depend on it in my quest to reach $15K per month.

While there, my REI interest was sparked, constantly running into investors and brokers alike at my music gigs.