Im trying extremely hard to learn the business from ever angle by listening to ever word posted, and taking in all the advice i can get.

They almost all said the same thing, that it paid off extremely well later in life, but took a long time to show benefit, and the hours and stress were devastating.

I would say that you might want to set some of that nest egg aside for personal emergencies, but I would guess your fear comes from somewhere else.It is extremely common for new investors to find a reason why they should wait to start investing.

COOL - Cool is contagious2.)EFFECTIVE - No one would have heard of TiVo if it didn't effortlessly record the television shows you wanted.3.)DISTINCTIVE - A contagious name is easy to notice and adverises itself4.)DISRUPTIVE - Contagious names are disruptive.

What you are proposing is that if you sell the house in one year then he will make a 20% return on his money (an extremely good return for passive investing).

The book was written in 1957 but it is extremely readable and relevant today too.

I have been watching your ups and downs from afar, extremely antsy to get into a rehab myself.

I know my joining here will be extremely informative on my part.

Further, the Internal Revenue Service has also taken the position that if the replacement property is sold immediately after the 1031 exchange transaction then it was not held sufficiently long enough to qualify for 1031 exchange treatment.Little Definitive Authority on Holding PeriodWhile there is little definitive authority on the holding period, in one private letter ruling, the Internal Revenue Service has stated that a minimum holding period of two (2) years would be sufficient to meet the Qualified Use test, and a number of court decisions have been handed down that have also taken the same position (although they have been somewhat more liberal than the Department of the Treasury and the Internal Revenue Service).Intent to Hold is Important Factor The amount of time you hold title to the property is not the only factor the Internal Revenue Service will use to determine whether you had the intent to hold the property for investment and therefore qualify for 1031 exchange treatment, but it is extremely important.

I would rarely advise separate LLCs for each property unless they are extremely valuable properties, CA has huge annual fees on LLCs.I would suggest calling and finding a reasonably priced attorney and talk to him about the pros and cons of forming an LLC, and what corporate formalities you need to follow.