Unless you've spent a lot of personal time using the property, letting your asset sit will not compromise your 1031. 

Both strategies you've mentioned could work, depending on your financial goals, risk tolerance, and the current market conditions in Chandler, Arizona.

Some people are stubbornly attached to real estate which is fine and good, but I can't justify paying a premium for debt right now when other assets are soo discounted. 

It is arguably one of the most creditor-proof way to own assets.

You should be looking at an asset.

Hello Faiz,If the property is paid off and it is rented out, I might recommend a DSCR loan as it is based off of the asset itself and most DSCR lenders do not need W2/Tax Returns.

I have low DTI, high credit score (790+ FICO), and high amount of liquid assets.

Pay Attention To Your Credit Score Although we don’t have any income requirements, we do want to know that you are on solid financial footing.

Pay Attention To Your Credit Score Although we don’t have any income requirements, we do want to know that you are on solid financial footing.

Hi All,I am working on developing some automation solutions (financial, accounting, workflow, etc.) for Real Estate Investors and I wanted to poll folks on what their individual needs are currently.