My country currency is called Eastern Caribbean Dollars (XCD or EC)  1XCD = 2.67 USDEstimated monthly income: 1 bedroom ($850 - $1000 XCD), Two bedrooms (1200 - 2000 XCD).Mortgage rate: 5.99 - 6.25%Thanks in advance for the advice and tips.

@Matthew Odou Yes, Puerto Rico is a US Territory, same currency no passports required, most are pleasantly surprised that its like a Hawaii in the Caribbean but the cost of living is less and real estate prices are like 2008-so now a there a lot of expats and investors of all ages taking advantage.

So I’d have to do the 1031 exchange, and I’m deeply concerned I won’t find any identifiable deals within 45 days.

Is this fully legal to exchange work for a reduced rent amount?

She could, however, use a 1031 exchange to leapfrog into investment properties with better cash flow.

I've been trying to learn the best way to track the next possible downturn and it sounds like from the experts it's going to be a huge devaluation of our currency instead of another subprime loan debacle. 

I realize there would be fees and such to get the currency back into dollars if need be though.

A "transaction" occurs when: Goods, services, or property are sold;Property is rented;Cash is exchanged for other cash;A contribution is made to a trust or escrow account;A loan is made or repaid; orCash is converted to a negotiable instrument, such as a check or a bond. 

I collected a security deposit and the tenant paid me 100% of the rent upfront in exchange for a 10% discount for his stay. 

Harder to raise rents even in nicely rehabbed units. 1031 Exchanged into a property in Arizona which I now do STR with.