@Lindsey Leavitt Few comments.Insurance is the transfer of risk to the insurance carrier in exchange for your $. 

They've been my home/auto insurer for years, and came out cheapest for multiple policies.I've had several exchanges with the local agent.

Hello Pilar,The forum I posted this in was about foreign investors looking for US Real estate.

This concept is foreign to me, as I am a new investor.

The single family we are trading it in for here in San Diego was only cash flowing $5,000 a year.That loan will be with my same local bank in Cleveland.  1031 exchanges are a brilliant way to defer your taxes too!!  

I am tempted to post the email exchange, but will keep that to myself for now.

Profits would be taxed.Look at it as if you exchange one asset, the valuation of your property, for cash and such receipts are exempt, there is a form for losses and amounts received, check out the form.

If a lawyer tells you this is the case, you may offer her the three current properties in exchange for your sole ownership of any new properties.

The balance that needs to be brought about is balancing the sectors being foreign, private, and government.

Even such simple declarations such as if the Seller was a 'Foreign National'.The Seller claimed that this was standard language in CA, AZ, TX and that this was boilerplate language.