True, the market you buy into may be different (which has its own challenges if far away) and may not be quite as hot as the one you sold in, and you may still be able to find a great deal, but it will still be hot and very difficult to do without paying retail, which is always a big no no for me personally.I'm not saying there aren't cases where this could make sense, but I don't see this as one of them as she could just as easily sell now or two years from now and still do it tax free under the primary residence exclusion and she could still roll the proceeds into another investment property or anything else she chooses for that matter without messing around with all the complex moving parts and restrictions of the 1031. 

So that idea of multiplying your goal, to me, means that you'll easily hit your original goal en route to your BHAG (Big Hairy Audacious Goal).

I think you could easily open yourself up to a slander lawsuit.

You can easily be under $500 after a couple of closings.  

You might be able to hit your $1000/month goal pretty easily.

Depending on the location of the property, the numbers seem extremely thin for what can easily be found in the area. 

Being conservative, I figure I can easily get $850/month for rent.

I do have an Excel spreadsheet I developed which calculates all this for me fairly easily, including a decreasing sale price (in decrements of $10K).

We could easily find someone to be as trustworthy and accountable as us, but it would come at a price of paying them a high wage, leaving not much left for profit for all of the hassle involved with managing another's schedule.Instead of expanding our business adding lots if stress for a little extra profit, we plan instead to just enjoy working a healthy business and transition into real Estate investing.

Converting your term policy to some type of cash value would be poor financial choice, your premiums could easily increase 10-fold for the same coverage.You can use your Roth and Traditional IRA (and 401k) to setup and moved funds into self-directed IRA, which would give you the freedom to invest into any investment opportunity.