If the property is bleeding money every year from repairs, maintenance, or turn over you'll never get ahead.You can tap equity with a HELOC (challenging right now), cash-out refinance into a new loan (much higher rates), 1031 exchange, or sell (tax hit) but the numbers and property condition need to guide this decision.

I would try and do a 1031 exchange.   

For financing, we were able to just do a 1031 exchange from a duplex we sold and make up the difference in cash.

Reasons were many, but financially speaking, I had received a growth opportunity from my employer in exchange that I relocate to another part of the country.

 Flic and Flips don’t typically qualify for 1031 exchange tax benefits. 

Hi Everyone,We are exchanging for the first time from MFH to NNN retail properties. 

Just make sure they won’t place a lien on your company.Equity Partner: Consider bringing in an equity partner to help with the $300K down payment in exchange for a share of the property.Renegotiate Terms: Try to renegotiate the closing date or lower the down payment amount.

However, since this is your primary residence, it doesn’t qualify for a 1031 exchange unless you convert it into a rental and hold it for a period before selling.To avoid capital gains taxes using the Section 121 exclusion, you’d need to have lived in the property for at least 2 years, which you haven’t met yet.

I have reviewed the IRC publication for prohibit transactions between the plan and a disqualified person which contain a few criteria including selling, exchanging and leasing the property.

Just focusing on the tax issue for you: 1031 Exchange in 2025: If the leaks keep coming, selling and doing a 1031 exchange into a more reliable multifamily could be your best move.