I have not explored 1031 exchange but given current interest rates may be tough to find a cash flowing deal elsewhere.

I’ve been part of the BiggerPockets community for a while, but this is my first post.

Happy to talk through this in more detail and good luck with the out of state investing!

As for the decision, it's really tough for any of us to say without knowing your goals, your situation and the numbers on this particular house.

Paid-in-full real estate almost always results in sub-optimal returns.Do this math. 

I’m also open to exploring short-term rentals, private lending, or passive investing in funds—anything that maximizes returns while keeping risk and time commitments manageable.For context, I’d consider leaving my job if this could become a full-time venture that surpasses my current compensation (low-mid six figures).

Things that AI won’t know:Market rent as isMarket rent renovatedCost to renovateSpeed at which renovations can occurLease up rate once renovatedInvestors learn all of this by doing work in their market.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Online platforms like Zillow, PropStream, and Auction.com are worth exploring, and don’t forget to check out local real estate groups for deals and partnerships.Since you’re in Racine, the Rental Property Association of Wisconsin and Milwaukee REIA are great resources for networking, finding contractors, and learning about funding opportunities.

I just got done analyzing this property with the Fix and Flip Analyzer.