I have found that way we can avoid having to pay capital gains tax on the profits when the house sells.

There has been talk about the REIT's model not being sustainable and another round of expected earnings to start moving to the neutral or loss category in the future again.With that information some investors are selling off and moving into hard assets and cashing out the gains over the previous years.Your other properties you are buying are at about 1% to sales price ratio.

If you sell now, your gains should be tax free, so consider that as well.

Tax liens can yield properties and if not you can gain your money back plus interest. 

This is the place to gain more information for LA County Auctions

These replacement properties would go in the required EAT.2) Name our CA triplex as our relinquished property, list it, and sell it within the required time frame.3) Use the proceeds from the triplex to finish off the reverse 1031, and I guess that will reimburse us for the cash we used up front to buy the replacement properties.4) After a couple years, we'd sell our current home in CA and avoid capital gains tax on that profit, then quit using the house we bought in CO as a rental and move into it.So, my questions:A) Does that all sound feasible? 

I certainly hope we can leverage each other as I gain more experience.

Ask his annual returns percentage wise and that will give you a goal to beat many times over hopefully at some point in REI when you gain experience.

If you buy 100k property, and sell it for 150k, your gain is 50k (I'm leaving out closing costs on both ends for simplicity).

So I'd only gain about $150 a month so it would take years to re coup my initial investment.