What I've told you here is a very simplified version of the rules and there are many other restrictions and requirements.  

I’ll simplify my reach, I’ll talk to some realestate agents that I know and see what they can find out for me as far as the 2-4 doors and hone in on that, get better with running the numbers, how is that for right now?

I know these figures are a simplified (e.g. don't account for closing costs, points, etc.).Yet, when reading forum posts, many BP posters contend that you'd be out to lunch to make a $106,000 offer on a $150,000 list price with a $180,000 ARV.

That's a quick, simplified explanation.  

This simplifies the building b/c there is no need for a commercial sprinkler system and less expensive requirements for fire separation as the building is all one use. 

To simplify,  It's going to be tough to reproduce your $110k income in the first few years in  RE ( just based what i've read/ experienced)Possibly make some calls to financial advisors that are RE friendly?   

That lowers the cost of the exchange and simplifies the time frames for the reinvestment to only having to monitor one calendar.The only thing that you'll need to make sure of like @Stanley Bronstein said is that the closing attorney cannot act as Qi. 

I don't have to hit a home run on the first deal, I just need experience + a modest profit) 5 Steps  ( simplified) 1.

(I am not an accountant and this was a simplified example)

You make $50k buying the property and doing the work in an over-simplified example.Example 2: You buy the same property rehabbed for $150k.