But I want to emphasize not investing more than the house is worth.

BUT I also want to emphasize that it should be done carefully with a well thought out plan, and hopefully a plan with multiple exit strategies.  

I usually know what I'm talking about because I have been in construction management for about 30 years as well as having a real estate broker license for about 30 years and having a business college degree with honors that emphasized real estate. 

That's interesting, since so many people emphasize the need to have a list ready to know what types of properties they are interested in. 

Whatever money has not been spent on replacement properties at that time comes back to you because there is no longer the opportunity to complete an exchange.To emphasize the importance of this concept to a QI you must understand that the way we treat one client procedurally is how the IRS would perceive we treat all clients. 

He also emphasized the importance of teaching and helping others on their journey while continuing the learning process himself.

I also am a college graduate with honors in business that emphasized real estate and my Dad was a commercial broker when I graduated.I was short and to the point with my decision. 

I'm a college graduate with honors in business that emphasized real estate. 

One reason is my age of 61, about 30 years in construction management, about 30 years I had real estate broker license in Texas, and I got a college graduation degree in Business (that emphasized real estate) , and being born and raised in Dallas, Texas.I'm completely un-knowledgable and where to be in Minnesota and is beyond my knowledge.   

This emphasizes the importance of diversifying.