Sounds to me like you are already on the right path. 

Another was going to pay 130k for a duplex in N Collinwood rent would be 2k, sounds great right? 

It sounds like you want more time, so active investing such as flipping or rehabbing might not be ideal.

The wet insulation will also need to be replaced.

@Matthew Brown If you don't mind diversifying your real estate portfolio there is a way to take advantage of both financing options and all of the benefits of the 1031 exchange.There is something known as a diversification exchange that allows you to sell your relinquished property and purchase multiple replacement properties.

FL is now basically going socialist by offering state-sponsored tax-funded insurance to replace the private insurance carriers who don't want to loose money any more.Home prices are also interesting: when the first row of houses gets washed out by a storm surge, you have for sale signs pop up in the second.

(optional)Kitchen Remodel (2020): Updated countertops, cabinets, and installed new stainless steel appliances.Bathroom Renovation (2019): Added new tiles, modern fixtures, and a glass shower enclosure in the master bathroom.Finished Basement (2018): Added 600 sq. ft. of finished space, including a family room and home office.New Roof (2021): Replaced the entire roof with new shingles and added improved insulation.Landscaping (2022): Redesigned front and backyard with new plants, sod, and an outdoor seating area.Energy-Efficient Windows (2020): Installed energy-saving windows throughout the home.

Sounds like it could be what you're looking for.

If you want to make improvements on the replacement property you will need to either have the cash set aside to make the improvements, or after you complete your exchange immediately do a cash out refi one of the properties to access some cash. 

Tax writeoffs are a big motivator for sure but not my sole reason for being in real estate.It sounds like investing in a condo in a place like Branson may be one of the only viable options for me, basically I'm looking to diversify to have more than just LTR's at this moment.