One other possibility- depending on the seller's situation, maybe they could carry a note for you in the short term with a balloon in six months? 

i've been in analysis paralysis not wanting to squander this amazing cash out return I got on a property.I have been trying to figure out if i should look into loans and buying more property for less carry a mortgage and utilize that debt in the future, or just say screw it and buy a couple 100k-300k properties all cash and 1031 in 2-5 years.any input or guidance on helping me make my ADHD mind up would be great!

I would want to have enough cash to handle both a hiccup in the credit markets and carry the negative cash flow.

You still cannot benefit from pass through depreciation and carry forward losses to offset tax liabilities from their active source of income. 

They were given the asset's, given the $ to carry or off-set carrying them, and then get the ongoing $ and returns. 

I am sure the discipline and work ethic from your service will carry over to REI.

The total cost of the project including improvements, soft costs and carrying costs from acquisition to stabilization will be close  to $2.65M and the equity requirement using the alt. lender was $480,000 vs. the traditional bank which would have been $800,000.

I hope the first lender can will agree to refinance the loan and I will carry the loan and pay monthly. 

What are the logistics for carrying out a 1031 exchange?

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