You've also got 30k of equity in the property that you created, which you're choosing to leave tied up in exchange for that $100/mo.

You can exchange 1 property into multiple properties in locations and any asset class (farm, office, single family, multifamily). 

From utilizing 1031 exchanges to offsetting gains with losses, the right approach can make all the difference in your investment journey.

Joint Venture: Team up with an investor who can contribute capital in exchange for a share of the profits.

My exit strategy is to sell off my multi-family rentals and exchange them for single family homes in desirable neighborhoods.   

Another consideration is that if you do a 1031 exchange back out of CA the state is a "claw-back" state so CA will try to get their capital gains eventually.

I may consider selling off my Indianapolis area SFHs to 1031 exchange to Nevada (Reno or Vegas, looking at those 2 markets) - I think my kids would rather have another home in Nevada (future primary, vacation home or rental) vs dealing with rentals 2000 miles away.

I would highly recommend joining some of the many meetups and networking events in Austin for real estate investors, very valuable exchanges of ideas in person as well

Litigation Release No. 25739 / May 31, 2023SEC Charges Self-Proclaimed 'Queen of Mobile Homes' and Three Salespeople with Fraud in Mobile Home Investment SchemeThe Securities and Exchange Commission filed today a complaint in the U.S.

I am learning "lingo", for me it is like a foreign language.