Alternate uses of the same money).

There are far better alternatives. 

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. 

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.

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

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