I know of no other type of investment vehicle that would allow exchanges of like kind with no tax consequence.In summary, real estate investing is the easiest, safest and least time consuming (common man's) path to financial independence.

Just wanted to go ahead and introduce myself.

Also, I have the oppty to buy a property with a gov't program and I am moving ahead with that.

Use the taxi cab technique and try to keep them ahead of the meter.

You can't 1031 your primary residence. 1031 is for investment vehicles only.mscoilcraft, you need a good accountant and probably a creative financial planner or lawyer (and we all now know you can afford these professionals).How much did you pay for the home when you purchased it?

Monthly cash flow, appreciation, long term investment, quick flip, etc.Personal Financials - It sounds like you are ahead of the game here, but stronger financial sponsorship will be required for investment property.

I go ahead and contract one of the properties based on the short sale they have finally approved.

Also, if you could elaborate on the risks involved and what kind of research I'd need to do ahead of time, I'd appreciate it.

I am trying to plan ahead because if and when my house gains considerable equity...I am going to do it again at another subdivision

It is a very intricate business, and so much to take in.We're glad you're here, and if you have any questions just go ahead and post them.