Yes, you need to trade equal or up in value and reinvest all of your cash if you want to defer all of your tax consequences. 

Why would you want to invest in private equity versus a publicly traded stock or index fund?

They tend to trade pretty quick. 

In this area, there are a lot of under employed trades people that will work for a good rate, but they don't carry insurance.  

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These assets tend to be more stable, have less risk, and charge higher rents, all of which are the reasons they trade at lower cap rates.

My gut tells me that military presence might not be a big benefit to the pure flip model.I think military tenants are a great way to go, especially when you can attract a little bit more senior folks (E-4/5+ and O-3+) with families.

The BP site will not permit me (or anyone) from putting my e-mail or phone number on the BP site. 

Now I know it's not the most admirable title as opposed to account executive but I have made very good money doing that and also the lessons I have learned about going out there and being a hustler, especially lessons I have learned about being an entrepreneur have been priceless and they are lessons I couldn't have learned so well from just reading a book or taking a seminar.

but having just done it for 24 with zero effect sin e my prices are low...