Then later you will be putting in quite a bit of cash if it needs all the things you say.The only benefit to holding would be the monthly equity buildup thru principal reduction on your mortgage, which is a slow, (and some depreciation) but fairly sure way to amass equity,  a free house in 15 to 30 years is a great thing., but 30 years is a long time...however you have to be prepared for the possibility that the rents could go down and not cover the mortgage (not too likely in my opinion) or the vacancy factor could go up and you again may not be able to cover the mortgage.Lastly if we have another crash in values and it goes down under what you owe then your $35k equity could disappear.These scenarios could cause you to  end up giving it back to the bank and ruin you credit thru no fault of your own.

Take premature, massive action based on Instruction not Education.The benefits of Wholesaling:Zero to Very Little Financial Risk - Only a very small deposit ($100) and marketing dollars (much of this can be compensated for with Grit, Determination and Persistence) are at risk.Zero to Very Little Real Estate Knowledge Required - Wholesaling has almost nothing to do with real estate and everything to do with running a pawn shop.Fast - By far this is the fastest path to a massive cash position in the shortest amount of time that we have found.Scale - By following very simple rules (focus on a single exit strategy and a single marketing channel and being an owner/founder not a real estate expert) you can quickly create a business that is a servant to you rather than creating a job you serve.True Freedom - This is difficult to define and different for everyone but I can say this with certainty.

The acquisition costs are unsecured and you lose a lot of benefits of investing in a tangible asset that you actually own and control.

I hesitate to involve family with money matters even though a lending partnership could potentially benefit both sides -  I just prefer to keep that separate.

This had two benefits; 1.)

I'm not very interested in becoming a real estate agent right now, but would going through the coursework provide useful information that could benefit an investor?

Those paying 6 caps probably expect an extended period of low rates, and want the added benefit of some inflation protection (rents tend to rise with inflation).

You guys have shared some golden informations on here and I'm certain that not only myself but the platform could benefit from it as well. 

They did you a huge favor for no benefit, so the least you could do is avoid complicating their tax situation.    

Of course a year from now the landscape could be entirely different so it is key to keep your powder dry and options open till then.There are a couple of twists to a 1031 that may allow you to still benefit from one and yet re-position your money to your benefit as well.1. 1031 into an alternative real estate investment.