Once you have sold the property the owner carry becomes a debt instrument and is not eligible for a 1031 exchange on it's own.However there is a way to still combine the owner carry note with a 1031 exchange.  

Fountain Square now has a brewery, ice cream shop, multiple music venues, art museum, the cultural trail, etc, etc...    

Like music to my ears!

Let's clean up this terminology.A Mortgagee is on title since they are granted, through the security instrument (mortgage, deed of trust) an interest in the real property.  

That passion was music.

@Cynthia Scaife,@Rob Beland,Aaron T.As a professional investor, I do not believe in banks or hml ( hard money lenders )As a professional experience, I've Never as an instrument vessel to obtain property's.

Even in "Title Theory" states, where the security instrument is a Deed of Trust the foreclosure can still be judicial.  

If your an introvert by nature, blast some music in the car before you go into these REIA's and tell yourself your going to talk to everyone and at least introduce yourself and ask what they do and what got them attending REIA's.  

The purchase and sale agreements the assignment of contracts, you know the vital legal instruments needed in the transaction of real estate.

"Mortgage" is the security instrument used in ALL those loan transactions.