Exactlly, we are on the same page.Why do the newer investors choose apartments when like i say, the headache just seems higher then on a retail or office space.I think that apartments are chosen because they are very similar to your duplex/quadplex, only larger, so they remain more in their "comfort zone".

It's your choice and you appear to have chosen the employee route.

IRS URL : http://www.irs.gov/charities/article/0,,id=96104,00.html But I would strongly advise speaking with your chosen IRA custodian to put it all in plain English.

Mark brings up some great tips, but I'm guessing you're already settled with the broker you've chosen.

We would have rented for much longer and/or chosen to buy in a different community.   

In retrospect, I should have chosen someone like that, over an out of state tenant who had never seen the property or had anyone come and see it for them either.

But they seem to be happy.Bottom line - regardless of his chosen direction he can defer at least some of the tax - enough to make the 1031 worth it for sure.

If the lender simply sent them to you or your lawyer to review, then simply resign at the chosen title company.

If you don’t mind me asking, why have you chosen not to use your VA Loan?

It is extremely unlikely that this is a good house for you to get rich on, when every experienced investor in your area has chosen to pass on it for six years.