My question for you is, what’s your definition of a quality deal?

I will definitely take you up on the chance to chat more in the future.

@Wale Lawal This is great advice, and I’ll definitely take it to heart.

It's a decent tool, but as Greg mentioned, I'd definitely plan for a worst case scenario and make sure it cash flows at the highest interest rate juuuust in case. 

Also, did not even think to take pictures once she moves out so I will definitely be doing that.

Having that instant connection with prospects is a definite advantage.

I would do my best to keep the property but there are definitely ways you can come out ahead by selling and paying off the debt/ reinvesting. 

I will definitely take all this information and use it responsibly.

@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).

I’m wanting about 5 to 10 seniors and would definitely have a CNA or 2 with me.