@Jeff TerryI think your misconception is that everyone knows or has the actual ability to run numbers on a rehab. 

@Dan HeuscheleThis is common across Columbus...it's ok, lots of folks have a misconception about the Midwest, but this is happening in places other than Columbus...if California could keep pace with thus type appreciation the median purchase price would be $30m..

There is a common misconception in the real estate world that an LLC will fully protect all of the assets that a person has outside of that LLC.

I think there is a misconception that you have to pay capital gains if you sell before 2 years, but my understanding is that if you roll into another realestate purchase capital gains does not apply. 

I think there is a misconception that sellers always go with cash and it's near impossible to win a bidding war with a financed offer.

@Brad SnecknerThe reason I brought it up is it’s a very common misconception that holds people back.

This is the first time I'm doing a 1031X and I have several misconceptions and learned some cool things so I imagine other here would appreciate the following summary.   1.    

Lemme clear up some misconceptions and share some opinions that might help you decide:Income taxes in California are high, but property taxes in California are low.

There is a lot of misconception about them.

Especially if the building is designed for them, you shouldn't have any problems with the banks 'accepting' them, I think that's a misconception or you're thinking of a different situation..