This question is asked a lot and there's a ton of value by just reading those previous conversations.In short, there are pros and cons to the program.

Now of course, you can look at the face value of some properties and pass it pretty easy, but I wouldn't pass on each deal this way.

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

What's the end goal for this property?

You'd need to enlist one anyway if you go through with the 1031, so asking someone who really knows the ins and outs of a complicated transaction like this would be a good first step.Best of luck!

Hi BP Family, This week, I made a cash offer on an SFH and gave a 48 hour expiration notice.  

Does this product exist?

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

Yes but this is the 1st year it's gone into effect.

Is this common in the Chicago market or markets with high property tax?