My advice strictly from the 1031 perspective would be to sell and 1031 as a group in the same manner that title was held in the old property.  

Also, if you are licensed, you are held at a higher standard when it comes to selling property and other things and I don't want the extra liability.

I also felt rather impatient to buy my first deal and I now wish I had held back a bit longer to find a great deal.

@Ann Bellamy's Black Diamond group was active in my old stomping grounds out in Worcester and Waltham I think the meetings typically were held, though I unfortunately never made it to one.

If they agree to leave they will not be held responsible for the rent owed but may be ordered to pay your filing fee.

We have held two as rentals and sold the other duplexes (4 units) as individual townhomes.  

@Twana Rasoul There's a San Diego meetup this weekend, organized by active BPers @Parker Cox and @Kevin Fox - part of a series held at different REI projects around the county.  

Then, the crash came, he held on till 1990, sold it for $300K, and from what I heard lost $100K total with the negative cash flow.

Cap Rate is not subject financing so I'd compare it to CoC (cash on cash return) to see if this property would be better for a financed buyer vs a cash buyer or to see if this property should be held short term vs long term, etc.

Unless I had a VERY detailed confirmation from their lender that they didn't get financing for no fault of their own I will not be releasing any funds held in escrow.Whichever party attorney or title company was holding EMD cannot release without the seller agreeing to return of any portion unless the agreement dictated otherwise.That's the whole premise behind escrow.