I don't want to compromise on credit or income requirements either but I give a few good, verifiable references a lot more stock. 

One good silver lining to the losses on our 401K are these low interest rates, but just like you can't time the stock market, the same can be true of interest rates.

If you sell your RE or business but don't want to buy something else, or cannot use 1031 exchange!

My property will very likely produce a small positive cash flow in the tune of $150 after all expenses including management (despite planning to self manage), but my primary focus is on mortgage pay down, tax deductions and appreciation for the long term, so I can either refinance or 1031 exchange it one day in the distant future.I am in the beginning stage (demo part of the rehab) of my first BRRRR investment!

Pls note, I do not want to do a 1030 exchange because I do not want to fall under the pressure of buying a bad deal in 6 months or less just to meet the 1030 exchange requirement. 

So the owner could be looking to upgrade into a larger complex via a 1031 tax exchange.

Normally, when you sell a rental property for a gain, you should do a 1031 exchange to avoid paying taxes, however, if you have a huge business loss on a schedule K-1 for given tax year, might that be a good time to sell a rental property for a gain without doing a 1031 exchange? 

I currently own 8 doors and what I was thinking about doing is selling one of my quads and 1031 exchange it for a 6 acre plot in my hometown where rentals are in demand.

Should I do 1031 exchange or do a cash out refinance?

There are ways to subsidize it, such as getting a seller credit, or taking a slightly higher interest rate in exchange for a lender credit to pay that and/or other costs and prepaids.