The final choice will come down to your exit strategy, the equity spread in the deal, and other business considerations that vary with every single deal.My first recommendation would be to go to talk to a couple banks and a couple HM lenders.

By doing it this way you will save a considerable amount of money over buying everything new and I don't feel it's necessary unless your property is in a high end neighborhood.

I will definitely take these items into consideration.

This is the avenue I would explore unless there is considerable equity by purchasing the 2nd.

Josh,I too agree with Tim, although I see you are already taking that into consideration, just wanted to let you know my experience has been similar and would appreciate an edit.

You really have to take in consideration the time you have available, costs, and if you have the right attitude to deal with the issues that come with selling the home on your own.

Because the note is not "like-kind" property, the QI has to use the note as part of the consideration given to the seller of the replacement property you purchase, or, sell the note in the secondary market and use the cash received from the sale to complete the replacement property acquisition.

The other consideration is to BUY LOW enough that your rent is flexible.

I noticed the section that says:"Witnesseth that the grantor, in consideration of ONE AND MORE DOLLARS ($1.00+) paid by the grantee, hereby grants and releases unto the grantee, the heirs or successors and assigns of the grantee forever, ..."

Hopefully, it will all come through on here copied/pasted.Property Value Attestation for __________________.Date: _________________Subject: Evidence to support the decrease in taxable property value for ____________________ Parcel number _______________.To Whom It May Concern:I am respectfully requesting your consideration of reducing the taxable value of above stated home to reflect a more accurate true market; therefore, tax value of the property.