It has helped guide me in a better direction.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/Wishing you the best!

In this case your 1031 can stay intact but you would pay tax on the "boot" difference.

For me, it was the right decision and certainly allows me to stay withing the regulations of the Div.

I'll be by shortly can't stay but want to at least meet up so we can do this on a regular basis 

I'm sure you'd do fine if you study and buy a study guide for your state.  

I have heard that owning 3 families puts you in a different bucket and is treated as a commercial building Should I stay away from them.

To address the type of flooring material, first off, if you want a "luxury impression," stay away from the laminate fake wood.I would consult a local expert, but that said, I understand engineered products--with a substantial veneer thickness that's able to be sanded and refinished--are both functional and comparatively inexpensive to install over a grade-level slab.In terms of color, this is always subjective (and depends on what's going on with the kitchen finishes), but I would recommend a mid-tone finish for a flip.

Make sure to read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

If you get and stay plugged in here, I'm sure you'll find what you're looking for.