You can do a 1031 but you may recognize some gain from the sale.Also factor in if you have any 'suspended passive losses' to help offset some of that gain.Best of luck.

I like the area personally and also recognize it as a great place for an investment.

I spoke with an attorney yesterday that didn't recognized the term "subject to the existing financing" and I am not confident in her advice. 

@mirianhuish I recognize that black and white photo, you must be with Chase International.

I recognize the value of building a strong network and believe that partnerships are instrumental in achieving success in this field.I am reaching out to seasoned professionals like yourself with the hope of gaining insights, guidance, and potentially forming partnerships that could be mutually beneficial.

That being said, real estate is local and if you can truly recognize an under valued deal then have at it.We didn't create an LLC until our 7th property.

@Mark Cruse thanks for speaking up for us newbies, I thought I recognized Peter's negativity from a previous post I made here. 

Your returns are not going to be as high compared to deals where you put no cash in.The key is to recognize there are options, use the options that work for you and for your market.

It's our first time getting out of our comfort zone, but we recognize we have to.

Also it's certainly possible one of the rules I already mentioned is the same thing as leverage percentage and I simply didn't recognize it.