Otherwise, talk to your bank or credit union.

And also that rates are just going to continue to be an issue, so it's likely something to plan for in rent rates and/or overall investment costs. 

Certainly talk to your CPA or your 1031 QI, both of which should have had a 10 second explanation at the tip of their tongue.

You really need to talk to a tax advisor in this situation.

Based on the continuing research, wholesaling property wouldn't be the right strategy. 

Before you get there I would try to acquire a few properties however you like such as creative financing, just to get you some cashflow and to continue to grow your portfolio.

I also have a mortgage on this property paying $683 a month.Now I'm deciding should I continue waiting for a possible tenant or should I just sell the property.

When you talk to finance people they act like they are lawyers.

My advice is to be wise but continue.  

Yes I have known it to work because the owner is not a push over, enforces policy and can make it run good......however, do you have the right personality to do this, AND if you move out can you continue to have the house run smoothly with no one in charge.