I would like to get some feedback from the real estate investor community. I'm reviewing the top 3 CRM's. Freedomsoft, REI Blackbook and Realeflow. Your participation is appreciated. Happy investing.

Use your cash to invest in a different property and increase your cash flow and assets.

Caution unless you buy the asset before you market it..

There are lenders which look at your deposits instead of your T1's, or lenders which have products which are DCR based.

But you're total gain including depreciation recapture was $60K so you would end up having to pay the tax on all $60K - no benefit to the 1031.The other question you're hinting at is what if you bought a tract of agricultural or hunting/fishing land that you intended to use for productive use (wilderness activities, rental, agricultural, livestock etc etc). 

Credit and Assets would also need to be analyzed for a traditional type of loan. 

I don't like them now for short term I usually have 5 to 10 million out at anyone time.. so I get that.. but its all paid off  as inventory sells.. much like being a car dealer ... you only take on debt long enough to move the product.

Generally a REIT might buy a large portfolio and not want all of the properties to re-balance their asset allocation percentages of a certain tenant type or asset class.

I say buy an asset that will give you a return that covers the student loan.

With that much appreciation, you could use a 1031 strategy for example into an even bigger asset. (5+ units, maybe out of state?).