I enjoyed the process, but rates are very high right now. 

Including 50% penalty, forced distribution, and if those are pretax funds you'll also add the remainder to your earned income from the year and be taxed additionally at whatever tax bracket that puts you in.

However since the purchase is high, mortgage on a 7.12% interest rate for 30yr rate plus HO insurance etc is about $4300 a month. should I follow that 25% rule or not.

I did a quick search in your general area and found this listing in Lambertville (not right next door for you):https://www.redfin.com/NJ/Lambertville/92-Swan-St-08530/home...Take note that they bought it for $197,000 in January and now have it listed for $499,000 - which might be kind of high, but gives you an idea of what a flip looks like in your area.

Overall, the combination of a thriving economy, vibrant downtown, and natural amenities makes Greenville a highly desirable place to live, driving up demand for housing and contributing to its sustained growth.Could the Upstate of South Carolina be the place for you to invest?

Since then I came across Grant Kemp & Dan Diaz and they've solidified my Sub2 & OF skills.Learning from a mentor hands on it the best way but if you can't find one I highly recommend Grant and Dan's course and that you follow them on FB & Youtube.GL and Best Wishes,Chavel

The power of networking is truly underestimated.

Averaging about $2,300 to make the swap, this is a home improvement worth looking into.Garage door replacementKeeping with the trend of exterior improvements with a high ROI, replacing a garage door is very high on the list as well.

So location and type can be adjusted for whatever the market is speaking to you.And, from the perspective of developing your real estate career, the knowledge of the power of a 1031 exchange that you have can be a huge marketing advantage for you when seeking listings. 

I'm a fast learner and highly motivated to soak up all the knowledge I can.