If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Something like this:  Admin/Mobilization/Shipping: This section accounts for paperwork and other administrative tasks. 

@Randall King If you find the property isn't performing well, a 1031 exchange would defer the tax and concentrate that equity into something that has a greater cash flow potential, like what @Corby Goade said.

If any of your properties are discovered by City officials to be unregistered, you can receive an administrative citation for failure to register; this penalty can cost $100 or more per property.

Investors should therefore exercise significant care when choosing their Qualified Intermediary because of the critical role the company will play in the administration of their 1031 Exchange transaction.It is extremely important to note that 1031 Exchange Qualified Intermediaries are generally not required to be licensed, regulated, audited or otherwise monitored by any regulatory body.

It is not cash flow positive at this time due to high interest rates and property taxes.

Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount. 

Quote from @Leo Ray: LOL ....next up: a videogame simulator for doing your taxes.

Assuming the liens were the mortgage, taxes, hoa etc and totaled less than the purchase price.

Quote from @V.G Jason: Organize taxes and eat better.