I work mainly in Bucks County but consistently have clients in the city, and can get the job done.  

Does this mean they would remove the Sewer charge (Sewer charge is majority of the bill so I would benefit quite a bit)?

You can sell and pull out your equity and use it to purchase investment properties.Make sure you apply to get your VA loan benefits reinstated.

You will know where to spend your money for maximum benefit.

The main takeaway I have gained after reflecting on last summer is that 1) chasing money alone will not work in this business, and 2) that it cannot be done alone, instantly just like that, just after reading a few books or taking an online course.  

[And, I guess the show itself makes plenty].Can you afford to not make a profit, just for the experience and community benefit?

Michael and Thomas mentioned some of the benefits/ drawbacks of inherited tenants/ some of  the things to be careful when in such a situation.One way to know what your property might rent out for is checking local rental listings on Craigslist, apartment.com and other such websites.Good luck and keep asking your questions on BP!

I don’t want to disrupt this exchange of money by being legalistic, I Just thought there is a way to transfer the property into a legal entity and start to take advantage of those tax benefits!

that was one of my main concern because I guess I didn't understand how title policy works in such case. now it makes sense. 

The main area of concern is how lines 20-26g on the 4797 don't seem to have any provision for the deferred gain that is the whole point of the exchange, so when filled out it seems to show the whole gain as taxable capital gains.