The previous owners had inherited the property and realized they were in over their heads managing the apartments.Long term goal is buy and hold for cashflow.

I'm hoping to rapidly grow my portfolio in the next few years and am open to continuing long-term and short-term rentals and delving into commercial spaces, such as building or acquiring storage units. 

Or they just take your money and head to Vegas.Please make sure this money you can afford to lose  

The property appreciate rapidly over the last few years.

Hello BP - I am filing a failure to pay rent complaint against a tenant in Grand Rapids, MI.

I am yet to get one though, but I am eager to get my first and be there every step of the way so eventually I can be the head honcho aka the sponsor of these deals.I am getting a bunch of leads every week, through brokers, lenders, PM's, etc but mainly through brokers.

The greatest thing about the 1031 is that it allows you to actually shift from bricks and mortar to DSTS in times when you want less management head aches. 

Best of luck heading out on your own!

Conversely, choosing a smaller loan and leaving more money in the deal can increase your cash flow due to lower mortgage payments, but it may limit your ability to expand your portfolio rapidly.

That quote has helped me personally with my investing and business recently to just put my head down and focus on the one thing.