Why not collect that good interest for a longer time frame ?

What is your time frame?

How long is the time frame for due diligence and then how long for closing? 

Basically it is to deter long distance investors from buying a place and then becoming an absentee landlord...One option many use in this area is to register a tenant as the acting agent.Not the best move from a liability perspective for you, however it’s inexpensive and frequently done in college towns.Your other option is to work with a property management company, which is what the borough would like all landlords to do.

If I were lucky enough to find another property within the required time frame and make the 1031 exchange, I would have to still have the thoughts of future tax payments in the back of my mind for possibly years( unless I died, then it would not matter).

Currently interested in a Buy & Hold strategy for single family and multi-unit properties on the 5-10 year timeframe.

The type of deal ( hold or flip), your financial situation and goals, the timeframe, price range, and many other factors bear on the decision.Bill Crider

I plan to present detailed math with AVR, pictures, timeframe and exit strategy.

For example if a property had gross rents of $10k/month the 50% rule would imply roughly $5k/month in expenses.

If I only use the $1480 towards the mortgage payment, the time frame would be considerably longer than 3 years, that's why I don't mind paying the $500.