The events are unfolding rapidly, so my thoughts are evolving.  

The real economy works at a different rythm and the pain unfolds more slowly.

Needless to say after a few emails back and forth, the scaim begain to unfold,, Red flags begain poping up, once he started asking for money for his consultant,,BELOW IS A COPY OF THE EMAIL HE SENT.I have spoken with the consultant, closing and administration cost will apply as here under stated. 

I've stated before, many, many times that this is going to take time to unfold.

If your intent when you sell the old property is primarily to resell then no, you would not qualify for a 1031 exchange and quite frankly it would not be good for you since you'll be trading the long term gain of the old property for ordinary income on a flip in a short period of time and paying exchange fees on top of that.You're working backwards to look at options and that's good but when doing a 1031 its important to start at the beginning with your intent and then let the situation as it unfolds determine whether your intent stays the same or changes.

Since you have plenty of time to figure it all out, i would go slow and let this opportunity unfold naturally.

Looking forward to hearing how your journey unfolds. 

With that being said, I wanted to reach out with my question:After I acquire 5 properties (where my goal long term goal is to acquire 10), do you recommend paying off the 5 for a year or two until the market correction unfolds or look for other types of funding?

I'm sure the pensions would certainly like to do the same since they are unable to reach those numbers themselves and rapidly moving into more and more toxic assets to try and make up the difference since they are dramatically underfunded, poorly managed, riddled with corruption, pay an enormous amount of money to Wall Street in the form of unreasonable and usury level management fees, and soon will be our next worldwide crisis that unfolds. 

I’m aligned with an amazing brokerage here that is filled with positive outgoing success seekers like myself and while I’ll probably still be in the trades for a while as my plan unfolds I Am very excited about my future in Real Estate.