Most value add syndicators will optimize the property value (complete renovations in 2-3 yrs) then look to sell the asset w/the plan of utilizing a 1031 exchange to go find another value add property.  

Each property has a class code, or more precisely a subcode, corresponding to a property in the Schedule E.I use the "class" and "subclass" function where "class" is for "state" and subclass is for property.

I already let my banker know that we will be doing a 1031 exchange.

if i will sell my rental property for 500k and i  have a loan balance of 335k so i have an equity of more or less 130k net but i have already 4 rental properties is there any bank that can finance 4 more properties for the exchange?

With that said I typically make it to the Brandon TBREIA, Lakeland Flip savage, PCREIA, and occasionally the exchange meeting, Larry's Monday night meeting, TBREIA main meeting, SERIA, and a few others. 

read - I like REAL ESTATE EXCHANGES & ACQUISITION TECHNIQUES by Wm.

I am interested in multi-family properties, note investing and 1031 exchanges. 

After having three quotes from HVAC technicians they all said that the heat exchanges were cracked and the furnace needs to be replaced.

We burned the money up in order to do the 1031 exchange.

I'd recommend finding a wholesaler in NJ (check out the forums here on BP) and ask them for a referral fee (or 50/50 profit split) in exchange for giving them this lead.