If your income is above $150,000, then the losses on the real estate are suspended are carried forward to a future year.

I think this would be a cash out sale because there is no way to carry over the depreciation. 

What I love about the platform is it's highly customizable, so you can run "quick & dirty" analysis or you can drill down and get as specific & detailed as you want with each line item in the estimate.

It may be possible to combine a partial sale and partial owner carry and a 1031 all together. 

These mortgage generally carry interest rates close to Prime plus a little.2. 

One item in a capex budget is floors.

That said, do you have recommendations about carrying out the purchase process ourselves? 

It seems like it might be best to find that middle 'sweet spot' and go with the median level of finish then in your case (sounds like not wanting to invest a lot to update, and want to keep cash flow at max.)If I were to run comps and see on the high end of area rentals it meant all new countertops, appliances (high end), hard wood/laminate, kitchen cabinets etc and on the low end it meant more of an 'apartment level' finish - I personally would go for the middle road to this and maybe choose to refinish countertops, refinish kitchen cabinets and go strictly mid-range on appliances (I would pick up the extend warranties personally).In hitting the kitchen and baths, getting some fresh paint up and addressing flooring- I would know the heavy 'where the eyes are drawn to' items were checked off my list, take it all for expenses come tax time and be pretty happy to know I was right in the middle zone for the area- I wouldn't have the lowest quality of renter pool in the area, or be worried about overpricing myself out of the competition on the high end in my mind. 

There are other items on your tax return that can impact the computation under certain circumstances.  

Quote was 12k and then materials (which I never received anything itemized for) was 2k-Job took a total of 6 working days.