The comps for most of them don't seem to support the purchase price and they often still need some upgrades.

Another challenge with Dallas is the 2.72% sales tax...impacts cash flow greatly, plus the rents aren't high enough to support the purchase.I'll keep on truckin' along searching in both markets (Seattle and Dallas) and adjust my strategy for seeking out deals.

Since comps still support your asking price, you may be in a good spot.

May I pay down the replacement property further- just want to be sure that I follow the 1031 rules without a boot?

The house was built in 1960, so when it was put it, there were probably not rules against it. 

I wasn't able to find anything on this though.Does anyone know what is required, or have a general rule? 

You should consider joining a team that offers administrative support for part time agents.  

Obviously the property is very solid and LTV is 75-80%, but as a rule, it does not hold forever...

@Desirae Price Hey Desirae, Thanks for the support and i wish you nothing but the best of luck as well.

@Ovais Zuberi, so it looks like you'd be into it for about the "1% Rule" mark.