I am new to this and am open to being shown I'm incorrect, but I have finally duplicated the problem with a spreadsheet since it was driving me crazy.The formula for "Profit if sold" is Property Value - Sales Expenses - Loan Balance - Cash Needed + Cumulative Cash Flow. 

The simplicity of Wix is nice because i don't really find much value in trying to learn all the steps of "building your own site" as opposed to making deals happen.

My work in the home over those 4 yrs as the renter had raised the value of the home in addition to the 4 yrs of appreciation the house had naturally.

Considering most properties in this space are of a lower value, you can buy as many as you would like and bundle them into one mortgage.

Where the property values are way too high to invest in.

@Sree Todu,Your intuitions are dead right -- if you carry a note from your sale, the face value of that note is not automatically deferred with the 1031 exchange.  

A careful present value of the two strategies would need to be made based upon a specific investor's circumstances, goals and objectives to determine which would be best for them.  

How did you add value to the deal?

How did you add value to the deal?

We all learn as we go and when it comes time to purchase your next rental, apply what you learned from buying this one.Also if the rents are that much below market, I'm not sure why you wouldn't rent the front unit at market value.