Hi Jason, if you want to purchase another rental property(s) and actively manage it, a 1031 may be a great solution for them.

Hello everyone,I have had a Bakersfield rental for over 7 years and I am now in the 3rd peroperty management company.

I’ve started off with buying equity in a new build that cash flows as a mid term rental.

So, keep in mind what a good tenant expects in your area.For example, if you have an existing GAS furnace and central air conditioning already a simple replacement of the gas furnace gets people what is likely to be an economical heat source while also providing a/c which many rentals don't have.

The only time that you might run into a problem is when an HOA does not allow for short-term rentals.

I also know the assets pretty darn well that the OP has bought and I am a firm believer with that class of asset getting them paid off is really the only way to get to the point were they think they are going to live on rental income..

We own a rental in Irvine and do monthly rentals at the moment. 

Binghamton also has a low purchase price but it is a good area that we see a lot of rental income.

I'm interesting in learning more about real estate and adding rental property or other types of RE investments to my portfolio.

I was primarily interested in pooling resources with other rental property owners to take advantage of economies of scale and divide the cost proportionately among property owners.