Good article! Section 1031 is the best Section in the Internal Revenue Code, and all top Real Estate Investors use it instead of paying taxes on Capital Gains and Depreciation Recapture, and then they use the IRS's money to invest in more property. But there is a CAUTION: these Qualified Intermediaries that are used to hold your funds between the time you sell your property and the time you buy the replacement property are not licensed, they are not monitored by any agency, and they have your money. There is a way to protect yourself, but you have to do some research. Be careful. Michael Lantrip, Author of "How To Do A Section 1031 Like Kind Exchange."