I will use $140k value doing minimum to make safe and not in constant need of maintenance

You might be better off purchasing multiple properties with the proceeds and give your self a greater potential for multiple streams of cash. later down the road you can do another 1031.  

Also, I want to have an additional income stream to my pay. 

Lots of calls, constant pressure to invest, etc.

We are navigating the guidelines every day and they change constantly.

After 4 years we have made ZERO percent ROI, this has been a half-time extremely stressful job for us, even with a property manager, with constant repairs and bad tenants.

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

You see this primarily with rivers or streams.

Initially I was constantly offered trainings and workshops and upsells.

It all comes down to hard work and constantly honing your craft, just ask this guy - The FIRST $2BN Realtor.