Shuffling the deck (Portfolio)

[Stone Jin]

Hi Everyone,

Currently I'm amidst an effort to shuffle my portfolio. I'm selling condos and smaller houses that I bought in Phoenix between 2009-2011 and 1031 exchanging into larger SFH. I realize that the Cash on Cash returns on the SFH I'm exchanging into are pretty terrible but with the large down payments via the 1031 I'm going to get equivalent cashflow with a little bit of additional debt.

My hope is that as part of the trading, sometimes 1 for 1 and sometimes 1 for 2, that increases in rent and appreciation for a better product will increase the quality of the portfolio in the long run. 

What is everyone else who bought during the downturn doing?   Are you just hanging on?  Have you already sold off?  What strategies are you employing in terms of portfolio management in today's market?