I am on my first BRRRR and the issue is lenders keep only wanting to lend on 80% of the purchase price and not the actual appraised value, which would keep my money tied up on the rehab portion as well as 20% of the purchase price.

And I copied that idea for the core of my portfolio (although I also invest in alot of passive deals as well, in the satellite portion for a core-satellite approach).

Follow-up to your reply. because it is a direct IRA rollover.

I ended up spending a lot of money on both of these repairs, because I had to get a large portion of the main sewage line replaced.

I believe a large portion of the users on here owe at least a small portion, if not a large portion, of their success to this community.  

I know I didn't give you a direct answer to your question but the reality is that we're just at the tip of the iceberg.

You asked about doing a 1031 of “your portion”. 

I'm not doing Rent to Own and selling mobile home with no interest - a portion of rent is applied to purchase price. 

It’s enjoyable when you buy land, subdivide it, and either hold or sell portions of it.

Only thing that has happened is that remaining tenant is paying both portions so there is no eviction.I'd speak to the remaining tenant and find out what happened and what is the plan moving forward.