Any advice on how to proceed by anyone with experience in this field would be incredibly valuable!

Perhaps I am over thinking it all, and will gain more knowledge when I get there.Warmest Blessings, 

So my gains will be about $250k, which from what I understand i can do a 121 for $125k and 1031 for the other $125k.  

I know that I need to do more networking events to gain more buyers but is there any other solutions that anyone can think to where you don’t have to go through the headache as much of people beading around the bush and not actually being serious about investing.Thank youIan

@Dale Vance This strategy gain momentum during the rapid equity growth cycle we are now almost out of completely.

Therefore, any rent collected would be net gain even if your mortgage is more than your rents. 

People that are there that support your business are 10x more valuable than the property you purchase. 

If you fail to complete the purchase and sold the property you go back to 20% capital gain tax.

There are 4 key dates:year 5 -- 10% step up in basisyear 7 -- add'l 5% step up in basis12/31/26 -- recognition of adj. capital gains as gross incomeyear 10+ -- basis = the price you sell it at

We moved back to Augusta, GA in 2012 and had the $240K property at 3.75% and also using AHS for potential maintenance.