With the home being right outside the EEV border, it's going to be significantly impacted.

In my experience, when investors force themselves into deals just to complete a 1031, they often regret it.Unfortunately, since you're outside the identification period, your only options are to either close on the identified property or terminate the 1031 and pay the taxes. 

The shorter the prepayment term has an impact on increasing the rate.4.

This will lower interest costs and free up future cash flow for reinvestment or reserves.Tax Planning: Work with a CPA to mitigate tax impacts from principal-heavy payments and potential gains.

True, another good option is to link forces with another wholesaler and advance it together.Good luck!

I mean, once we get off-market property and do some rehab, we can force appreciate it, but what about the later natural appreciation?

.- The numbers may have an impact on your decision.You may also want to read your condo's Home Owners Association Master Deed & Bylaws to make sure there are no restrictions on any type of rentals. - Many HOAs have LTR restrictions and some now have implemented STR restrictions.Also, hopefully you've updated the home insurance policy of your current STR rental from a homeowner's policy to a landlord policy.

So, Sean forced me to chime in. :)  Thanks for tagging, Sean.David, you received mostly good advice from my colleagues on this thread and mostly bad advice from your CPA, it seems.

Here's some other copy & paste advice you might find useful:---------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

City of Dallas Short-Term Rentals code How is that impacting MTR in Dallas?