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.

Of course someone may have painted a room in 1980 with paint bought in 1970, but it's a nice cutoff.I also remember a new EPA rule that went into effect in 2009 or 2010 that requires contractors and repairmen to do cumbersome lead checks on houses built before this date.

I am still getting familiar with the “rules” of property valuation, most of the multi family homes in the area are understandably expensive, what would be generally competitive prices for a triplex in the Long Beach, Dana point area?