( if there is a gain you now have to pay more taxes too)

You are in a great place to gain knowledge and meet great people.

So that leaves you with sell (and pay capital gains) or 1031 (and save capital gains). 

In today's hot real estate market where things are typically selling without being on the market for very long, why would a seller consider a land contract?  In my mind, if a seller can sale his property out right..  ...

Our goal now is to take our learning materials and tools to continue our search for knowledge and gain experience working with mentors and other like minded individuals in the industry.

You really don't have much to lose,  but everything to gain.  

Our goal now is to take our learning materials and tools to continue our search for knowledge and gain experience working with mentors and other like minded individuals in the industry.

Market is still good, so sell the home and pay NO capital gains and buy a SFR. 2.

This will give you a base of knowledge to know the basics, what questions to ask, how to avoid fraud.Start learning, make a plan to gain knowledge and experience, begin executing on that plan. 

After becoming successful with my counseling practice, my wife began to gain a lot of faith and trust in me.