Inspired to trade up...questions remain

[Scott Ruppel]

I have a SFH in central Florida with about 100k equity after some recent significant appreciation. it cash flows about 400/mo. After listening to the recent podcast, I'm inspired to trade up to earn a better ROI. I think the process of the 1031 exchange makes sense, but apprehension of the details have me stuck in place. For example, should I have a property under contract before selling mine, or should I sell first? Can I make an offer on an apartment complex contingent on selling my property? Do I line up a property manager before making an offer? How do I conduct an appropriate level of due diligence if I'm buying in an area geographically separate from where I am? I appreciate any insight or lessons learned from the community.