@Steven Hamilton II Okay thanks Steven, I guess then you need to plan ahead and even if you believe you are going to keep the property forever, have the docs on hand in case you want to go that 1031 route.Good info, thanks for clarifying!

Before I reached out to my PM, here are my initial thoughts:Reach out to tenant ahead of time and encourage them to apply for unemployment immediately if they quality and/or let the PM know that they are experiencing hardship due to COVID-19.

They only need to work to get ahead in life.

Thanks ahead of time!

If you keep your focus on it, you will be so far ahead of so many other people that are your age.

You have a whole life ahead of you.

If you want to be a passive owner of the real estate, you can do that and it is straight forward.  

Also in this scenario, you theoretically risk closing on one property and having the other deal fall apart (say to appraisal or title issues), so I would want my attorney ensure that both deals are tied together contractually if I went that direction.Probably a wise idea to consult with a title/closing attorney, if you go ahead and pull title this should shed light on things and direct you towards the correct coarse of action.

This is the same as #2, only worse, because you will be past even the last of the 4 payment dates, and your penalty/interest will be higher.There're ways to reduce or avoid the estimated payment penalty by planning ahead, but it's case by case.Finally, if your income is uneven, and most of it came late in the year, for example you sold a large property towards the end of the year - the rules are different, and it's best to consult an accountant.

Looking ahead, they would need to get everything back online to be ok, but that is most all cities.