I read Jay Adkisson’s book on Asset Protection that other folks were touting as the bible on the subject & I’ve got to say it is a better perspective than anything else I’ve read.One thing he harps on in his book is if a person uses a professional that puts out marketing materials stressing the use of the strategy for asset protection then it may get drug up by the litigator in effort to try & invalidate the instrument so that’s another super exotic reason I’d be a little leery to have Tim Berry’s firm tagged on my option docs.Regardless I’m convinced paying his consulting fee will be money well spent.Hopefully BP will help me gather a slightly better understanding so I ask more prudent questions when I do pony up for some hour(s) of his time.Thanks!

Not to mention the stress level watching the trades win and loose.

You have exactly 45 calendar days from the date that your replacement property is "parked" by the Qualified Intermediary to identify what you are selling, which most investors already know so it is just a formality, and you have exactly 180 calendar days (including the original 45 days) to complete and close on the sale of your relinquished property.The other benefit of the Reverse 1031 Exchange is that in the unlikely event that you are unable to sell your existing property within the 180 days in today's market, you have a failed Reverse 1031 Exchange, but since nothing has been sold you have no taxable gain to worry about.Personally, I always use the Reverse 1031 Exchange so that I do not have to stress out over the 45 day identification process in a Forward 1031 Exchange.

The search button has already been my friend :)

@Brandon Turner There should be a "like" button :-) I love the GIFs you posted!

Like @JeanBolger said above, "And I kinda wish someone had "forced" me to hold those reserves when I started out, it would have saved loads of stress."

Again, I stress to my students that when choosing your lawyer, CPA, make sure they are investors themselves.

Don't stress yourself out over cycles, think "I gotta borrow for this RIGHT NOW or else", etc etc.

Surprise, surprise.4.Fancy fonts are ignored.5.People only scan the lower parts of your website.6.Short paragraphs work better than long ones.7.Ads, that are placed on the top or left part of your website, get the most views.8.Ads, that are placed inside or below an awesome piece of content, get more views.9.Big pictures attract more attention than small ones.10.Also headlines draw attention.11.Visitors spend more time looking at menus and buttons than other parts of your website.12.Lists are better at keeping your reader focused than large paragraphs.13.Some people even completely ignore large chunks of text.14.White space is good!

David Beard - Right on the button.