Also, if you haven't done so yet, you might want to set your keyword alerts for Bend, Bend meetup, etc. 

@Milton RiveraI think a better way to phrase my question would be do I only need to transfer the capitol gains to the next property or do I have to transfer both capitol gains and what I have paid back/downpayment from current home.Home cost = 165000I owe = 120000Therefore I have about 45k equity if thats how it works.I invest say 30000 into the home and sell it for 270000.In my eyes I see that I have capitol gains of about 75k (i understand all fees I paid are taken out from capitol gains in my favor but ignoring that this is what I am at ballpark)Now that means I should have about 150000 (270000 - 120000 mortgage) in my bank account after the sale (or in a 3rd party exchange account).

Keywords:  Elgin / Carpentersville / Bartlett / Dundee / Barrington / Elmhurst / Naperville / Aurora / Addison / Villa Park / Elk Grove Village / Schaumburg / Streamwood / Palatine / Arlington Heights

it sounds like you took a risk and it worked out. good for you. if anything, I think this solidifies the phrase, "you make your money when you buy, not when you sell." obviously, you had enough instant equity when you purchased it, to leave a lot of room for profit.

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/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Here are some good places to start:http://www.biggerpockets.com/meet - find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!

Welcome to the site Tim.As for turnkey real estate there are tons of turnkey providers here on BP set up turnkey as a keyword alert & you'll see who the major plays are pretty quickly.

I enjoy reading Robert Kiyosaki books and I have stumbled on this phrase in his book called "Rich Dad's Guide to Investing""My business buys assets with pre-tax dollars," said rich dadKiyosaki, Robert T..

Great way to to phrase it! 

@David Tate I'm sure more insurance savvy people will have a better answer but in quickly researching this, I think the key words you want to search are Tenant Vandalism insurance policies.