Add to that the fact that you don't need to worry about a detrimental exchange rate changes.

I found to her to have been helpful only when I had purchased new homes from her group, when I considered selling my homes or 1031 exchanges.  

Capital Gains are assessed on gains, so you'll not be taxed on the costs of improvements or costs of sale, as that would not be a gain.You may still be able to exchange this property, but you'll gain the needed clarity by speaking with an exchange company.

You may have to start small build equity and work your way up whether its 1031 exchange or just accumulating more assets..

@Turo Tales depends on your stratgey, however, to defer taxes, you could do a 1035 exchange and reinvest.

It seems easier to use one person to handle all the exchanges but maybe that is not possible.Finally, whose responsibility is it to make sure all tax rules are followed?  

@Peter Chu  Try Gary Link. http://www.teamlink.com/He has spoken at the local REIA's here as well as The Learning Exchange on Howe Ave in Sacramento.I've never used him (yet) but I've heard him speak and he's very informative.Mark

I should have made a more precise statement...I would not purchase a property in the Irving ISD.  

But as @Darren Sager said, it's worth it not to have the tenants calling me about the heat, since I'd have to call PSE&G anyway.We installed a new furnace in our other Trenton property and used Precision Air in Trenton.

Nope it's common to want to close before years end.Is the seller doing a 1031 exchange??