I have read several of the books, listened to many podcasts, and read a lot of the forum threads.

The 4th state Massachusetts, while they dont necessarily refer to it this way...operates more on a letter of intent type of system (they call it a contract, but it's not), then a purchase and sale contract, that is not standardized is drafted up by lawyers after the home inspection.

One of my "standard speeches" is that most skills are a "craft" not an art, nearly anyone can learn to be competent without having a gift.

I do all the book keeping for our building. 

So, I have been reading the books and listening to the PODCAST.

Any advice on how to reduce the risk while not getting hit with taxes, beyond the standard 1031 exchange?

@Wayne Brooks  Spot on Wayne at least in areas I work..1. title Is alienated lender at their sole discretion may accelerate all sums due.. that's standard verbiage 2. don't believe you can force them take accept payments never seen that.

Standard foreclosure laws and protections apply. 

Brandon I'm educating myself in reading your books/e-book). 

I've got a guy but he's booked until Christmas.