I could just sell it and do a 1031 to avoid capital gainsBut it is not so simple to just "sell it" I have a solid tenant and they are paying $3.6k/month, haven't missed a single payment and they are so sweet.

It's worth spending a couple thousand dollars to get the facts about what you can and cannot do and to be guided through the process correctly the first time by an attorney specializing in these complex, ever-changing laws.

I want to diversity my portfolio, and I want to get into multi-family apartment complex. 

Attached is a screen shot of my passive investing returns for every apartment complex I've invested in that has gone full cycle and sold.

Pretty sweet deal since he purchased cash so no debt service.I'm also in Ohio so I can agree with @Brian Mineau as well.

We're also getting some pretty sweet deals on new construction with closing cost incentives.

It is much further away from the Westgate Entertainment Complex than this property.  

It is one unit in a condominium complex.

The property because of its location is now comping at close to 430K, I think I actually reset the market in the that condominium complex because I bought at 420, now they are all selling for at least that.

You basically become a fractional owner in a large piece of property, such as an apartment complex or retail or industrial property.