Hi,I am looking to do a 1031 exchange and am wondering what is the amount of the house I would have to buy to hit my reinvestment goal for the 1031 exchange.the current property: purchase price $515,000sell price :$660,000principle balance: $383,700

The wealthy landowners took advantage of the vulnerable and desperate and created working agreements that were in no way balanced.

It's a balancing act, you want to do things right but you also don't need to do more than necessary but at the same time it's often easier, faster, and actually cheaper to just rip things out and start from scratch. 

With your schedule it will be a balancing act.  

I have been pre-approved for a loan, have financing ready to go, and am ready to pull the trigger but have hit a roadblock that my cash balance and geography have created.  

Is there a mortgage and balance?

I currently have a house with $100K loan balance.  

Your loan balance may end up way higher than your purchase price, all those labor/material costs were rolled into the loan... which you can of course pay off asap with no prepayment penalty. 

Its not an asset on your balance sheet.

The easy way to do this, in order to be able to close out the probate estate, is for her to inherit the property, then deed it to you for $50k, payable $25K down, balance in 60 months, no interest and no monthly payments.