@Powell Chee - if you have experience with other rentals and have estimated your own expenses and have a reasonable reserve fund, then I would pull out as much cash as you can and still have positive cash flow.  

The bank may have had a goal of moving x amount of properties off the market in a certain time frame, and when that happened they pulled the others from the market till a later day.

I still haven't pulled the trigger on my first rental property, but definitely going to make sure I'm properly insured. 

Thanks for the advice, I am hesitant to pull out any of my retirement funds to fund any of the real estate. 

I hope to learn a lot from everyones experiences@Jake Allen Hattock Shortly after I found this site I pulled a couple of books from the forums.

And even if you did, it would only happen if they need to raise money, so it would be very difficult to pull off with the timing.So what remains are some of the second-tier sites, which haven't attracted venture funding for one reason or another, but hopefully have something unique or compelling that you feel makes them more worthy of an investment.

I tried to invest locally (I'm in Oregon for years) but was just too busy with my business to find a property I could pull the trigger on and make the numbers work.  

In order to defer all of that in a 1031 you will need to purchase other property/properties (yes you can sell one and buy several) worth at least the 1,400,000 and use whatever cash is generated by the sale in the next purchase or purchases.If the improvements are being financed outside the property itself you can reimburse yourself after you complete your exchange and subsequently refinance one of the new properties to pull cash out.  

If so, you can pull out equity.

To fill in the gaps and gain the confidence I need to properly evaluate a deal and then pull the trigger.