Thieves may break in, see the paint on the pipes and realize that they will not be able to sand paper the paint off to resell.

You typically have two years to find property that must have a similar use: Our friend @Bill Exeter has a great page detailing this type of exchange: http://www.exeter1031.com/1033_exchange_faqs.aspx#howSection 1033 US Tax Code(B)Period within which property must be replaced The period referred to in subparagraph (A) shall be the period beginning with the date of the disposition of the converted property, or the earliest date of the threat or imminence of requisition or condemnation of the converted property, whichever is the earlier, and ending—(i) 2 years after the close of the first taxable year in which any part of the gain upon the conversion is realized, or(ii) subject to such terms and conditions as may be specified by the Secretary, at the close of such later date as the Secretary may designate on application by the taxpayer.

I didn't realize that was annual.I ran the numbers if I bought it all cash and I get $226/month in cash flow.

The savings were usually not realized instantly but within 6-12 months.

So for paying an extra 14.5k over the period I would wind up 28k better off so actually 28k-14.5=13.5k better.Other considerationsI realize that by using a 401k loan I could potentially miss out on the gains that the 21k would have seen in stock market.

Kinda realized if you have a loan on something someone can take it away from you...lessons learned had are lessons learned well.

I only mention this to help everyone realize that money is only a small part of life.

I just realized I posted this in the wrong forum....

Just realized I can edit a post but cant delete?

I realize there is guru accounting, but this is reality in providing any financial statement to show financial positions under various legal requirements.So, really, buying a great deal doesn't really give you instant equity. :)