The key to being able to identify a good investment is clearly identifying your goals and criteria upfront.

Perhaps a good broker can identify more options for you.

I miss the days from the African King or Nigerian Scam emails those were easy to identify..... 

Hi,I've identified a property (forclosed then failed to sell at auction)  currently owned by Fannie Mae according to the tax records. 

That way you don't even have to identify the 3 like-kind properties and commit to closing on one of those.To give you an idea of what I did:  I sold my condo around the end of June and while I was wrapping up the closing process for that property, I started really looking hard at some properties in the new location. 

If you have identified deals, post the deal.

In that case it could make more sense to make it a rental and 1031 exchange it when you identify another investment property. 

Have you identified your preferred strategy...ex.

I literally was down to the last day of the 45 day 1031 identification period to find 3 potential replacement properties. 2 of the ones I had identified ended up falling apart, so this was fortunate that I was able to land this property, otherwise I would have had significant capital gains to pay.

If in fact you are able to get $100-125k profit out of the house (factoring the $75 and the 10% returned to you) I think you'd be able to really identify some larger 3-4 family investments that would yield better and have higher economies of scale.