@Federico Dallo you mentioning vacation-type locations leads me to guess that you may want to use the property yourself occassionlly?

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships and excellent customer services to determine how to best market to your leads.

Probably not, but I felt better having that debt paid off. 

You might find good success getting leads there .

This also leads owners to ASSUME simpler is better when it comes to management contracts.

Your 1031 will have to be for the net selling price, not just the amount you clear after paying off any debt. 

I think what you describe is pretty much standard performance for rental properties if your not paying cash and I am just assuming your putting max debt on them to try to get your return numbers into your criteria..

If it's a matter of a quarter point but the more expensive debt is with a bank that offers better other terms like amortization and LTV, and they have a rock star loan officer, I'd go with the slightly higher interest rate product.2.)

The other option I potentially see is to partner with someone that has cash and/or better debt/income ratios and partner on the next purchase.

This often leads to complacency which is seen by the trail off of attendance at these meetings.