If I didn't have to pay $30,000 taxes I wouldn't mess with another 1031 exchange.

Without all the added expense of closing costs, deferred maintenance, risk of bad tenants and everything else that comes along with a new purchase if you were consider putting that $10K down on a new place instead.

Anyone else from Jersey?

I was wondering what everone else time frame is.

Depending on what you consider a "mess" I know you can't.

For example, you see a deal on this site that someone else has posted.

People might say that bungee jumping is risky, it may be risky if your doing it off a shaky wood bridge by a drunk guy in mexico, but bungee jumping is really not risky at all when you are doing it at a place that does bungee jumping everyday and has a time tested track record.When you say something like bungee jumping is risky you are really saying that it puts fear in you to take a chance with someone else, or something else controlling whether or not you live or die.

Assuming no significant issues (such as repairs, etc.) that would cause an investor to avoid the proerty, why hasn't someone else purchased the property if they would generate a good cash flow?

The opposite seems to be true but what else can be expected when generation after generation have lived on government handouts?

Or something else?