It is quite an impressive tale and anyone who has read the book will sing its praises as life changing and often the spark that started them on their journey to financial independence.

Initially, from following the thread, I was under the impression that both my wife and I could take advantage of sec. 121, because we owned these properties individually prior to our marriage.  

@Russell BrazilThat’s impressive.

Now I was under the impression dry closings were prohibited in Il., but I spoke with a company out of Virginia that sends out a notary to where ever you're at and will close both one day and fund the next day when all funds are received.

The realtors I've worked with whom I were impressed by (to varying degrees) do a lot of sales - one had a team - an assistant who is also a realtor and would show properties as well as her own secretary which made getting in contact with her easier as I could simply check in, ask for updates and info and the secretary would make certain no ball was dropped.

I have a hard time believing this, because I was under the impression that unless the gain is somehow realized (like when I sell), then it is not taxed. 

Some of the larger community development groups, private equity funds, etc. have launched specific OZ platforms, and some local economic development officials are funding programs to reach out to equity investors.My impression of Milwaukee is that it's a tight-knit market.

I am impressed with the many people on the Bigger Pockets forum and I am learning from all of you.

I was under the impression that when you ask for inspection contingencies on investments properties, that those almost always get thrown out because these properties won’t past inspection.  

I was under the impression that this was something I could do on my own.