., it's a little nuts here in middle Tennessee right now! 

The pros to getting the license are that you will learn a lot of the “nuts and bolts” of real estate, that it can enable you to enter a career in real estate if you choose, and the additional knowledge you gain could be useful.

As an investor who has used simple 1031's for rental property exchanges, I wouldn't proceed without a thorough professional review and you will need a pretty specific profile of property you want to exchange into in order to plan out the whole transaction soup to nuts.

Thanks @Russell Brazil! 

Thanks @Russell Brazil I was not aware of this impact tax.

After repairing a zillion holes and really poor repair jobs (the gobs of spackle they let dry and must be sanded -- I can't stand that) in our last renovation, I went a bit nuts in my next lease.  

What can I use as the basis of this house, the assigned contract is 375,000, plus I paid a finders fee of 180,000, (yes and maybe I am nuts) total cost of house was 555,000.

@Russell Brazil, It's funny how on your 1st comment you made it seem like you have saved your client $15K, but what it is is, you got your client on the hook for $5k.

Miscellaneous is nuts.

Well I waited, worried, wrung my hands, went a little nuts with 2+ months vacant house.