Don’t really want to stop that, but just looking for someone to coach or assist me through my options here so I make an informed decision! 

I would consult with a 1031 exchange expert on this, as they will provide you with the most accurate knowledge needed to make the best decision (assuming you go that route).Good luck!

Making significant management decisions b.

Are there specific factors or trends you would suggest evaluating to make a more informed decision?

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Once ignored my own rule and, well, let's just say my accountant wasn't thrilled.Have a Clear Exit Strategy: Knowing whether you want to flip, rent, or hold onto the property helps steer your decisions.

Before making any decisions or committing to anything, reach out for referrals and do some research on the company and the offer they are making.

I negotiated this property by trading my owned property for this one, as it was a brand new property in an area being developed.

@Michelle SharkoAnswering questions in step by step fashion:- Is it a good thing to do or not is a personal finance decision and it depends on the person asking it, their risk tolerance which in part has to do with how this HELOC or line of credit works and how your personality fares relative to taking on new debt (a person more adverse to debt might have sufficient savings and temperament to pay down/back the debt versus a financially liberal person might get in over their skii's as).

You'll just need to pull it all together to make the business decisions.