Selling an STR subject to while utilizing a 1031 exchange into a new investment

[Nathan S.]

I am looking into selling my STR in TX using "subject to the existing financing" while utilizing a 1031 exchange into a new investment in MN. Is that something that is even possible? If so, can additional funds be brought to the table to fund the new property's down payment? In the subject to contract, there would be a small down payment provided and then a typical amortization schedule afterward. I've got a great interest rate on the existing home and would love to leverage that for a higher price when selling. Thanks for any insight!