@Dave Foster Wow!

@Tim Foster if lenders are not willing to allow you to utilize a HELOC for the down payment, you could look at doing a cashout refinance.

Originally posted by @Dave Foster:@Jay Hinrichs, But I've already secured the rights to www.thelazyboylandlord.com! 

@Dave Foster pops up in so many 1031 threads and is a wealth of information...

This is my first 1031 exchange  @Dave Foster or @Bill Exeter

@Dave Foster - great info and thank you.

@Dave Foster is a very knowledgable intermediary who is active on this forum and can probably help you out with some details if that approach is of interest to you.  

If the numbers are right for where I'm currently at, Id be elated to work with you on any type of deal with the goal being to  provide value in any way I can to foster future partnerships within the community.Thank you all at BiggerPockets for creating such a treasure trove of information for us newbies and I look forward to creating meaningful relationships with members here in the future.

@Dave Foster - good point@Justin Frye - my feedback is assuming the property would achieve my performance goals even with the new debt service created from of the refi

Are you wanting students that are aging out of foster care or people with mental health issues or seniors or... there are lots of options but I’d be nervous about why it’s vacant and being foreclosed.