Run your deal analyzer as if you are purchasing the house now for $230 and see if it meets your investment criteria (and also compare it to an alternative investment purchase). 

There are alternate money options as well. 

@Donald Howaniec another alternative to a 1031 is to invest in a syndication (or fund) where bonus depreciation is being taken on assets as they are acquired.

If you want to manage your own property, what do you use for phone alternative to your cell phone?

Explore alternative strategies like using a single checking account with separate categories or utilizing accounting software. 

It's essential to explore alternative parking solutions, like leasing nearby spaces or offering valet services.

Wholesaling can be an alternative strategy in the real estate market, but its success varies based on Richmond's specific conditions.

These strategies can sometimes offer better cash flow compared to traditional LTR, especially in markets where property prices and rents do not align with the 1% rule.I encourage you to expand your criteria and consider these alternative strategies.

Another alternative could be to seller-finance or cash out refinance.

Alternatively, you can sometimes sell the contract to a company like New Western, KeyGlee, Homevstors, Happyinvestor, etc.