If you do sell and do a 1031 exchange there are a few things you could do to make your exchange as smooth as possible.The first option, If you do a traditional 1031 exchange and find a property that you really like don't hesitate to get it under contract.

.- Immediately refinance the property with a traditional bank mortgage to pull out a significant portion of equity. 

It’s a way to make money without doing as much work as traditional flipping.

She is very old school, she mentioned that the seller would only contribute to the “traditional” closing costs, around 2k 

So it wasn't a Bargain in the traditional sense.So, for Investments, a Bargain is not how much of a discount you get from similar investments.

Due to personal faith based reason, I prefer to only invest in all cash deals that don't involve traditional financing (so typical passive RE options like syndications, RE funds with fixed returns, REITs etc are not a viable option for me). 

If the mortgage product affects the answer, it would be a traditional investment property mortgage, not a DSCR loan.

Portfolio loans, asset-based lenders, and home equity lines of credit are all alternatives to traditional borrowing.

traditional mortgage

I financed this deal through a private lender, allowing me flexibility and faster access to funds compared to traditional financing.