The exhaust vent goes up, then downward and into the patched wall.  

This is far from an exhaustive analysis into the mechanics of 1031 exchanges, but the high level thinking may be helpful to those looking to understand one of many dynamics impacting the current buying landscape.

I think what I've been leaning towards is like some you guys mentioned possibly using another lender or HML in order to tackle something bigger while not completely exhausting my funds.

This thread talks about some of the detailed questions you should be asking of any Tk company you consider (thread started by another then-new CA investor): https://www.biggerpockets.com/forums/55/topics/361999-new-investor-from-glendale-caThis isn't an exhaustive list (we're working on a much more comprehensive list for our site, which should be up by the end of the month) but it's a great place to start.

If you're looking for a bank loan, I would go to a local bank and exhaust all avenues of local lending prior to going to a larger company that handles out of state lending. 

I’m wondering if Indianapolis has already exhausted its potential.

@Luke WongAppreciating rent over the years, good comps, bedroom and bathroom counts in each unit (you could possibly have a room mate in the unit you reside in for additional cashflow) proximity to public transportation (this might be less attractive due to Covid-19 though) cosmetic problems are good because that can lower sell prices while still being easy fixes and hardwood floors to reduce cleaning expenditures.Sorry this list isn't exhaustive, there's definitely more factors to look at.

I have heard the horrible stories about how long and exhausting negotiating a short sale property can be.

Motorcycles must have exhaust muffling comparable to that of a passenger car.

If I were 25 years old, defaulting could be a solution, albeit a last resort after exhausting all other options, but where I am now, defaulting like that would ruin the rest of my life, so I would avoid it at all cost.