I'm still in the process of growing my portfolio, but have heard others 1031 all their smaller properties into a larger building and have a property management company manage, OR, set up a seller financing deal with another buyer that gives you the cash flow you desire. 

I'll buy the fuel if you'll take me up!

I'm looking at rolling over ~350k into the replacement property. 

If the proforma has the rent roll at $1400 a month, there is a discrepancy that could lead you into a bad assumption on your business plan.Also one caveat, be aware of physical delineations around the area like bridges or railroad tracks or a canal. 

You can also offer to lease with an option to buy to tie up the property until you are ready to purchase. 

@Matthew Posteraro I wouldn't necessarily say that it is a way to make them more hands-off by scaling up to larger properties.

Rent roll was ~$8K last month.

We have the drive to achieve whatever we put our mind to, the skills to create a very unique and desirable space, and the finances to back up our investment.

Build up job skills, build up savings, and increase your W2 income.

Everyone was just rolling with the punches there for a couple years.