I'm on a whirlwind education of 1031 land and have been analyzing how to maximize my results on a recent sale. I'm curious any sage advice on my approach, from those of you perhaps more seasoned here...

SOLD: California condo for $700k with $287k in debt and $387 in equity. Need to ID properties by May 26, close by Oct 8.

CONSIDERATIONS:
1) the California "clawback" law will follow my properties til i sell them to get their money eventually so fewer properties may be better.
2) i've got great credit but I'm not W2 employee, everything is C Corp for me right now. So non-traditional financing only
3) I live in California but don't want to invest here due to taxes, prices, and tenant first approach
4) I love turnkey and have 6 other SFHs now because I'm a solo out-of-market investor but wanted to "step out" and possibly make a break for more meat on the bone with this 1031
5) I've been looking for multi-family but have struggled to find anything i could make work for multiple years as an out-of-state investor and keep ending up back with SFH and duplex
6) My top goal is cash flow so that i can step away from working a day job so hard and work more on real estate projects and enjoying life!

WHERE I'M AT TODAY

Initially when i envisioned my 1031 future i wanted to buy AS MANY PROPERTIES AS I COULD and leverage DEBT to get my cash flow up and build equity over time.

But as interest rates have sky rocketed, prices doubled and i learned about California's clawback rule, I've started to see maybe my best approach is just get 3 properties and put 30% down, 30% down and then 50% down on the last one to satisfy my cash down requirements. This will get me to a $1M in property with $531k in debt. I'll have a steady $1780 cash flow from a $330 i had with the old property. Is this a good approach? Ciurious any sage advice!

This would look something like this:

	OLD PROPERTY spending requirements	New Prop 1	New Prop 2	New Prop 3	New RE purchased
tOTAL SPENDING:	$ 654,973	$ 317,000	$ 290,000	$ 409,000	$ 1,016,000
DEBT	$ 276,000	$ 237,750	$ 203,000	$ 204,500	$ 531,000
CASH INVESTED	$ 377,857	$ 79,250	$ 87,000	$ 204,500	$ 370,750
put cash down		25%	30%	50%

cash flow	OLD CASH FLOW $ 331.00	$ 265	$ 436	$ 1,081	NEW CASH FLOW $ 1,782