Besides not having a ton of capital to fund it and getting the live in girlfriend on board, I am terrified that the market will turn as soon as we move that direction. 

The 1031 isn't anything to be terrified of. 

This has been a big step for me I've been saving for quite a while and it's exciting and simultaneously terrifying to be making moves!

It was terrifying and liberating all at the same time.

But, I've become terrified of the threat big fines and possible jail time if we dont comply.

Although I'm terrified of my local market in the long term, I think it might actually be pretty good for flipping in the short term.I'm not too sure what your local market looks like, so I don't want to tell you exactly what to do and give you terrible advice. 

I can speak english with my friends and co-workers but some times i don't know how to state ideas, or what i think about something and that terrifies me.

Balloon payments terrify me, am I overreacting?

And I, personally, want nothing in a cage that I would be terrified to find loose in my home at turnover, so for me, I stick to just a well-trained family dog.

Deflation is what most real economist seem to be terrified of.