You could use that time to educate yourselves on REI and make some connections and network so that everything is in place when it is time to pull the trigger.

So don't get stuck learning and never pull the trigger.

The closing of the sale at that point in time would trigger your 1031 Exchange, so make sure that you have a Qualified Intermediary in place prior to the closing of the sale property.

Zero activity.I'm now looking to RE-characterize my IRA back into a traditional IRA, to roll it into my 401k and use it that way for my RE purchases.Question is this; recharacterizing a traditional into a Roth triggers a taxable event.

I think a localized event like a tech bust or a more worldwide event could cool off the economy enough to trigger some severity of recession (whether it be typical or extreme).

Trust then LLC, rather than moving a property directly onto LLC (assuming DOS clause not triggered).

I only been educating myself for the past month w books and the biggerpockets podcast, should I pull the trigger now or wait a little bit more and 2.

Even if it would be looked at as a new purchase that is not the trigger for a 1031.  

For other investors, I do consulting work to help others in the business make the most educated decisions possible before pulling the trigger on properties.

I'm not advocating to not learn as much as you can, but just pull the trigger and start doing it.