Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.

The syndication real estate funds have seen and will see some pain.

I also help real estate investors fund up to $150,000 in credit lines at 0% interest with no collateral in 90 days or less for property acquisition.

A 1031 must be for equal or greater value or the funds in excess of the value of the new purchase are taxable.

Do you have a pre-approval or proof of funds ready?

You may find that the payment was made directly to the tenant; you may find it has not yet been funded. 

However, you could look into a “construction exchange” where the funds are used to improve a new property acquired through the exchange, but it must meet specific IRS rules within the time frame. 

Be sure to have funds you can tap in case of emergency or inevitable market dips. - Most Fortune 5000 (and others) companies do this.

Financing seems to be tricky with IRA hence feel that its best to buy with self funding fully.

From my experience, if I had started in real estate right after school, I would have very little network and little to no funds for the RE exam, CE classes, and networking registrations.