Unless you don't believe he was really in debt or don't believe he's now out of debt.

That extra cash can be used to lower your debt or possibly buy and additional rental.

Hi Dylan,Here in California, the amount owed on the loan is on the notice of trustee sale as 'total debt' or something like that.

Ain't nothing wrong with growing your options by reducing your debt or working without it.

Now I know there are a great number of people here with wisdom and knowledge, so I would like to ask would you focus on investing and paying down consumer debt ?

A 1031 is done for like properties, I'd have to investigate it, but raw land may not be like kind for multi-family units.You didn't mention the amount of the gain, if you're at about 500K, you might check on a charitable remainder trust taking a smaller bite now and using funds for property in the trust, if it is a forever property.....see your attorneyYou might offset the gain by seller financing long term and applying the interest as well as principal to the other debt (or not) but the gain would only apply to the % or the principal received over the term.

in the case of a bankruptcy trustee seizing a debtor's real property to pay creditors, what happens if that property has a tax lien held by a tax lien investor?

Many agencies advertise that they are able to remove debt or "fix" credit history, but removal of correct information is not allowed.

If you want a great DSCR ratio then use no debt.

Otherwise, don't get people down without providing info on how to get back up.In fact, I tell my clients that if the choice is between paying off debt or keeping cash but a higher mortgage balance...KEEP THE CASH and make just the payment you HAVE to, because cash is king.