As we all know the standard "straight line" depreciation allowance from the IRS is a 27 year depreciation schedule on residential investment properties and I believe that it is 39 years for commercial property.

So a straight across 1031 does not help you gain anything depreciation wise.  

So looks as you mentioned, additional time to allow to mature along with transferring the property back to our names is going to be the most straight forward way to pull equity out for additional properties.

It does make the return more complicated though and for straight simplicities sake i know people who haven't claimed it because in the end it usually is close to netting to 0. 2.

I have gathered that the realtor is trying to take me for a ride and was actually impressed that he was able to say that number to me with a straight face.

Unless it's a dirt cheap courthouse steps home that you got for virtually nothing, and thus you don't really care if you lose it, always get title insurance.I've actually received a court summons & lien threat over something a previous owner did that the title company didn't catch while I was in escrow to purchase the place (straight retail MLS property, wasn't a wonky deal at all), and had title insurance take care of it.

Some easy answers upon some straight forward questions you need to ask yourself.What can you afford?

People will look at you as a professional, if you have knowledge, your a straight shooter and you have Their best interest at heart, not because your business card says LLC.Over time you can have all that, but I say start marketing, networking and learning your market like a hungry animal today!

You can see straight across to the bright kitchen with a wall of windows overlooking the back deck, or to the upstairs living area with its bright wood floors, or even down the steps into the basement den.

A broker is almost always going to get you better terms than going straight to a bank.