Another idea is to partner with a property management company which creates an alignment of interest. 

I have every property inspected to determine the current condition and life expectancy of all major components and appliances. 

But I want to know the current condition and life expectancy of all major components and appliances. 

You can also align a buyer prior to closing.You need to make sure that the note is Dodd Frank compliant.

Because that is exactly what I would have to do for the value add component, and for the deal to cash flow.

Then see if theres a way to work a package deal for more if your goals align... such as if they're looking to cash out and retire.

We solved this problem with the BRRR method Yes we were doing BRRR in 2001 and routinely until 08 when credit markets froze.The key was building a team.. and those teams were built for you by most of the Turn key marketing companies and those flippers in the cash flow markets.The key component was the short term lender ( us ) who put the investor ( you ) into title for 6 months so that you could then do your refi and have little to no money into your cash flow rental..

The construction industry aligns with my values and goals, so it makes sense. 

so in your example the net sales price is $232,000 - $14000 (closing costs I backed into) = $218,000.Your net cash is the other important component in a 1031 and that would be the net sale ($218,000) - $60,000 (debt relief) = $158,000.You have two requirements in a 1031 if you want to avoid all taxes. 

I do not like 5 year loans unless you have  a value add component and  know you will be selling off or you can easily refi even at a higher interest rate.Lenders usually lend the LESS OF appraisal or purchase price based on LTV.