Just depends upon the situation I guess! 

Proportional leverage (like 27% LTV) isn’t specifically required, but if you don’t reinvest the full amount or fail to replace debt, the difference will be taxed as boot.

Also in your situation the 2nd seller financing partner is NOT in first position the old lender who you still owe money to is in first position as you still owe them $88k.

In your situation there is actually another factor that may work in your favor.Only the proceeds allocated to the sale of the building can be used in a 1031exchange. 

You're definitely in a unique situation, but there are some SOPs that apply here. #1, know your guest avatar.

One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.  

Good deals often have distressed situations to deal with.

That’s okay—what’s important is understanding the "why" behind your investment decisions.While your accountant’s suggestion is a great starting point, make sure investing aligns with your own goals and situation—not just because someone else is enthusiastic about a particular strategy.

i'm trying to stay patient.i know this reply wasn't specific to LV but hopefully it helped. 

Any tips on what to screen for specifically?