Hi @John Bailey,If you are new to real estate I would probably start by going to local REIA's and start hanging out around investor to see how you can bring value to them.

I'm relatively new here, been hanging out and using calculators on my husband's Pro account for the last 6 mos or so but decided to start my own for topics like these. 

I'm still getting the hang of this forum so please feel free to tell me if I'm doing it wrong.

So there's no reason to hang on to it except for appreciation. 

(single, and hat-hanging flexible with a somewhat minimalist lifestyle)I've been a landlord since the '99, and would rather streamline my properties at this point than acquire a new rental, especially considering the high cost of residential property in my area compared to the relatively low rental rates these days - roughly 5% ROI factoring in a month of vacancy per year, but not accounting for appreciation/depreciation of the property itself.

I am a neat freak and do not want any trash or misc items just hanging out.

I got those two things fixed within the hour of hanging up the phone.

For the $450 prop that would mean:$100k cash from the current prop + $100k new loan (replacing debt) + plus $250K out of pocket                   ORPay off the $100k loan,  use $100k cash from current prop + $350k out of pocket.Use your remaining cash (my math says $100-200k) as down payments on other cash flow properties (if your goals is to grow your portfolio quickly and let tenants pay off your loans, my strategy), or hang onto it until you have enough to buy another in cash (if you're more focused on maximizing per-unit income and minimizing risk, and don't' mind having capital tied up).If you keep using the 1031 process literally until you die (and remember you can leapfrog from one to several, from small to bigger, SFR to MFR etc), then you completely avoid all taxation and pass your properties on to your heirs with a stepped-up tax basis equal to their fair market value at the time of your death.

That way, you can get offers out quicker without having 5 potential accepted deals hanging over your head.

The FSBO from Step 1 took blurry cell phone pictures at night time and included photos of family pictures, clothes (not the closet with clothes hanging, but actual photos of close-ups of shirts), and had pets and people in pictures.