I also lend money but not in the USA at rates which in the USA would be considered userous but in other places are quite common and quite legal as well.  

I’ve been trying to investigate this, and by no means an expert, found this info online, http://www.escapeartist.com/realestate/investments/1031-exchange-foreign-real-estate-tax-considerations/According to this article:“A like-kind property is any property held for business or investment.

I have a policy with American Home Shield and you can view the coverage online even if you don't have one...so take a look, it will answer many questions. 

The property is online and available for buyers to see. 

But then we have all of these guys online (marketing), or Rich Dad Poor Dad, talking about how real estate is a ticket to passive income, etc etc.

Has anyone had any dealings with Bob Peterson with the mentor project?  The site says mentorship is free after completing their course information.  

I was wondering:  I suppose a person can stop paying property tax and eventually the State will take it away...but I am worried about legal consequences or penalties for doing that.

Not often you see if mentioned online. 

@Glenn Jubildo - On top of everyone else’s concerns, that I feel are very valid,  before you purchase a 4-5 bedroom home that you plan to use as student housing, you may want to look into 1) whether or not it is legal to rent to 4 or more unrelated adults in your market (in mine it is not) and 2) if you will be able to find a property manager willing to take on student rentals. 

You can also check their reviews online at Google, Facebook, or Yelp.