Thanks @Dave Foster I am just not catching up to speed on the details regarding a reverse exchange. 

That really speeds the deal up and saved us a lot of costs.

The only time it would make sense is if speed is a factor - meaning you can get an amazing deal on the property but must close super quickly - something most banks simply cannot do. 

The advantages of speed and streamlining operation technology can increase lender margins, or help keep interest rates and borrowing costs low.

My credit score is over 780 so I feel a 3% down conventional would be ideal, and within one to two years, have the HELOC on my condo (when I mention HELOC, it's the one on my condo)paid off and actually put down 20%-30% for an actual rental property.More experienced real estate moguls, what would you do to speed things along so I could buy another property sooner rather than later? 

@Preetinder Singh Fun fact: Connecticut and Florida have reciprocity, or mutual recognition, so once you get your license in Connecticut you can just take the state portion of the Florida real estate exam to get your sales associate license here. 

This is area is transforming at break-neck speed, and this home is in a quiet neighborhood across from an elementary school.

My property manager isn’t up to speed on it, and I am a 6 hour drive from the property.

If your still funding your stocks this is just a little speed bump in your portfolio.

Looking forward to meeting people here...been a while since I've been on forums like this so I need to get back into the speed of things :)