In that case I'd recommend that one of your 1031 purchases be a really drop dead gorgeous short term rental you wouldn't mind moving into in a year or two. 

That said, if I were picking up a property like this I would want to have a decent amount of cash on hand for whatever issues might come up.On rents, I'm getting 1400-1500 for a 3 bed 1 bath (same small bedrooms) in Little Village, but that is all the way on the other side of Little Village, near the California Pink Line and Pete's Fresh Market. 

Sedona is attractive at first glance but it has developed a reputation as a crystal shop, pink jeep, airy-fairy tourist town.

Keep it simple, i'm not saying paint your lowers pink.

Not sure if it is a red flag, maybe a pink flag that they potential doesn't know the payout amount or have an idea. 

Gorgeous!  

Gorgeous property w/ deck and immaculate views of the bay - Address is 2070 Illion St.

Then he will do an SBA loan purchase.He is already tickled pink. 

"we had the greatest time ever the view was gorgeous and they weren't kidding about the road" Just have to make sure you're selling apples to people that want to buy apples.

First guest:  In my pool house, I now have pink speckles decorating the walls and ceiling of the kids' bedroom, walls in the rest of the house and the exterior wall near the pool.