It was valued at 140,000 so we got a bit of equity but the reason we went with an updated home was to be safe.

It's safe to walk your dog.

One of the agents I'm working with sent me this property and it is a turnkey rental so I don't expect to put much at all into repair costs, I just tried to play it safe with $1,000 allocated to that.

Looking at how this can safely snowball, is this a bad idea?

I always assume my property will be vacant at least one month out of each year to be safe.

@Jason Martinez one more thing that you might run into....if your property has been vacant for an extended period, IPL will require you to have a licensed electrician tag the meter head to certify that it is safe to turn the electricity on.

I want to live in a safe neighborhood where i can potentially raise children and grow there .

My concern is how to do it safely.

I originally only wanted to sell it outright like you normally would but I'm getting a lot of questions about seller financing, lease option, bond for feed etc and I'm just now starting to look into this and it's a bit overwhelming when you start seeing you have to comply with the SAFE Act, Dodd Frank etc. 

They have 2 years rules as a safe period and would not question if you did 1031 after 2 years.