A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.

If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.

How are you going to put money down to hold the deal?

If your cash flow is break even and you don't expect a groundswell of appreciation, why hold it? 

We have been primarily buy and hold and wanted a secondary source of capital to fund our buy and holds.

My hope is to hold this property.

Investment Info:Large multi-family (5+ units) buy & hold investment in West Allis.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

For those holding hope they will fall and save existing deals, don't hold your breath. 

Implement scalable systems and processes to effectively manage and grow your real estate holdings.