The depreciation and capital gains taxes could make a 1031 exchange into a better investment property the way to go.
I'm with him, I would be hesitant to put it with an advisor. I also like an index fund for low fees and set it and forget it. Simple is good.
Personally, if I sold it, I would sit on the sidelines for a bit and see what happens. It sure feels like a climax is coming to me. Between personal debt exceeding bust times and the crazy and stupid crap I'm seeing in our real estate market, I wouldn't leap, I'd crawl into another avenue.
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Todd
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