Located within waking distance to a suburban train stop (and downtown) and is perfectly earmarked as a spot where I think people can find nice AFFORDABLE housing.

I also have savings earmarked for a down payment, so I really want to get the ball rolling as a 1031 is something I think is attainable and lucrative.

I am not going to argue with the advice and while I may disagree with it, for all investors, the most important things you must have to survive in this game is a reliably steady income, earmarked money that they can risk in an investment (cash, SDIRA, HELOC - whatever you use as your capital)  and a high level assurance that you will get a return of your capital before you buy.I am a seasoned investor who has lost money on stupid investing.  

cozy.co looks like a great resource, I'll definitely earmark that.

I would just cash out the 401K...ear-mark the remainder for your down payment...how much down you need depends on price of the rental of course.Remember, you have to claim that $10-11k as income on the current years taxes.

There was a lot of behind the scenes workings but in the end it took a signature from Obama on a bill in which the sale of the disputed land was earmarked.  

At the beginning I kept track of earmarking enough reserves per unit, and my threshold was always that a unit could go vacant for one year without causing me economic distress such that I was forced to sell the unit.

to be competitive  - get 100%  pre approved with a lender using whatever hypothetical scenario you want to use so that you are prepared to provide a tight / strong  offer to a seller when needed ….consider making the  closing period  as short as possible and  try to get some money earmarked to  provide as  your earnest money deposit 

I don't know the company.. although one time I asked for proof of funds from someone using them and they sent over a screen shot of Sherman bridges rehab fund account.I went back to the buyer and said this is no POF  these are funds earmarked for their loans in place not to be used to fund new deals.

In that case, you have to have money earmarked there and maybe something happens where you don't close.What happens if the contractor finishes, but to a really dismal level of quality?