Obviously not sure if you plan on listing or selling the property off-market --either way, I can bring a bevy of qualified buyers to you property; most likely an all-cash buyer --and a buyer willing to extend escrow to aid your 1031 exchange timeline.As for your 1031 exchange options, I can certainly help identify healthy and safe investments.

Hopefully, at this point, you have "talked" the hubby out of this deal.As I own several out of state properties, but within 90 miles, I can tell you first hand, if there are potential problems, the long distance aspect may and will create headaches for you both.Luckily, I have been fortunate to have great tenants in the closest properties, but there have been numerous "issues," some natural, and some due to tenants, that can cause financial problems.As you are in California, you had better have access to some good resources in Indy, or you will be paying top dollar for good work, or even more money for subpar work, with follow up re-work!

This site is a great place I'm enjoying learning and invite any advice from experienced investors and banking professionals that can lead me to buying this first purchase intelligently  and aid in my building a solid portfolio.

get someone to pull the 5 closest comps in your area that sold or rented for the most $ per SF and just do what they did.  

From a real estate perspective, I have no experience -- closest I got was site selection and negotiating leases.    

The new condos are being built up in the areas closest to downtown.

It would make the 1031 slightly more complicated, but not much, and you should/have to enlist the aid of a qualified intermediary to help with those things anyway.

@Arlen Chou,Thanks for all your help, and glad you came to drinks some of the Oakland Kool-Aid w/ me ;)Happy I met that poor, paint-spattered asian contractor looking guy  in a beat-up pickup out in Oakland a couple years back :) hehe Working on my mini-me.

Some markets appear to be over heated:Home-Flippers Reliance On Leverage Rises To Highest Level In 9 Years Jun 8, 2017 11:15 PM“Home flippers financed an estimated $3.5 billion in purchases for homes flipped during the quarter, up from $3.3 billion in the previous quarter and up from $2.4 billion a year ago to the highest level since the fourth quarter of 2007 — a more than nine-year high.”The explosion in home valuations in urban markets like Brooklyn, Washington D.C. and San Francisco has inspired real-estate speculators to search for the next big score, with the highest percentage of home flips completed with the aid of outside financing occurring in Colorado Springs, Colorado (69.3 percent); Denver, Colorado (54.8 percent); Seattle, Washington (51.6 percent); Boston, Massachusetts (51.3 percent); and Providence, Rhode Island (47.3 percent).Matthew Gardner, chief economist at Windermere Real Estate noted that escalating home prices in Seattle forced flippers to rely on financing their purchases.

The closest you can get is through myfico.com, which uses true Fico scores.