Account Closed podcast in August 2017 on Biggerpockets about how to exchange OUT of San Diego to properties that cash flow better and have a higher ratio to equity than you can get in San Diego.

You realize that if you use your loan money from the refi to pay off a credit card and car, all you're doing is exchanging two debt payments for one...and making no progress.You don't use loan money to pay off loans, you use profit and/or cash flow to pay them off.You use loan money to invest with...and to use the money (profit and/or CF) from that investment to pay off the personal debt.

@Jordan Moorhead yes I'm looking to gain some insight at the moment as Australian property appears shocking for the new investor.

I'm considering the sale of a property I acquired in 2014 through a 1031 exchange.

Can anybody explain further and give insight on how to help a seller who has a vacant home with a mortgage in reverse?! 

There are some creative solutions, such as what's commonly referred to as "cash for keys" - you negotiate an early lease termination with the tenant, in exchange for some financial consideration/moving money. 

I understand the disclosure of such information to any prospective buyers but I'm interested in receiving input from agents and investors who may have some insights on the pros and cons of pursuing this type of an investment.

Your insight is invaluable.

Does anyone have any insight on this? 

Any insight?