Having gone through a 1031 recently I highly recommend the guy who posted above me @Dave Foster as your qualified intermediary.

As usual, I would throw in a a little promotion for @Dave Foster if you haven’t closed yet.

The only way the math in your example works is the sale of a paid off property. 2) you can ask the original expert @Dave Foster but your first example seems a little too much like tax fraud to save $750 in taxes when you’re already facing much more.

I do like the HWY 35 corridor as it will continue to foster growth.  

@Dave Foster here is the 1031 expert you need to talk to. 

Ask @Dave Foster for the definitive answer but my GUESS would be it sounds good because the seller is reinvesting all the equity (because you’re putting up so much cash.) as long as they qualify for another loan.The possible no comes from is the property considered sold when they still hold the loan, probably?

Perhaps you might be alone the first work day, but as you make progress on the clean up and keep inviting others, you might just foster a new community spirit that would solve your STR issues.Believe it or not, I am NOT a tree-hugger type.

Quote from @Dave Foster: @Christian Orellana, the 1031 exchange will allow you to do that and still indefinitely defer any tax due on the sale. 

Quote from @Andrew Foster: Hey guys!

This is due in part to our strategic location (access to almost 60% of the US population within 1-day's drive) and the favorable business climate the city has fostered over the years.