No I haven't chosen which broker yet,Thanks for your input Calvin.Mandy

Education--keep reading everything you can about your chosen specialty.

If the lender forecloses the deed of trust out of court, the lender has chosen one action and may not bring a lawsuit to recover a deficiency, which would be a second action.

Exactlly, we are on the same page.Why do the newer investors choose apartments when like i say, the headache just seems higher then on a retail or office space.I think that apartments are chosen because they are very similar to your duplex/quadplex, only larger, so they remain more in their "comfort zone".

It's your choice and you appear to have chosen the employee route.

IRS URL : http://www.irs.gov/charities/article/0,,id=96104,00.html But I would strongly advise speaking with your chosen IRA custodian to put it all in plain English.

Mark brings up some great tips, but I'm guessing you're already settled with the broker you've chosen.

We would have rented for much longer and/or chosen to buy in a different community.   

In retrospect, I should have chosen someone like that, over an out of state tenant who had never seen the property or had anyone come and see it for them either.

But they seem to be happy.Bottom line - regardless of his chosen direction he can defer at least some of the tax - enough to make the 1031 worth it for sure.