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.

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.

For example, I have two STR high-income earners (making 140k & 150k) in Joshua Tree for sale with low expenses, where the sellers will stay on to manage it.Making sure you are keeping as much as possible from the tax man is a huge component and to do so you usually have to invest it.

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

And if there is a "why" then the 1031 is what you want to use to get into a new property and defer all tax.  

Property Taxes 11,000 yrly, insurance 4930 yrly.It falls short of the 1% and 20% rule.

If not on the MLS, they have to be about to be foreclosed on, way behind on their property tax or some situation that MAKES them HAVE TO sell.Same with rentals.

You take all of it but make sure you put 25-30% of it away for taxes.