In the future please try to contribute to the conversation not just sell whatever it is your selling.

Congrats on the deal and great advice from all contributing!

@Steevee Reroma good call on the Roth IRA - you always have the option of pulling out what you contribute without early withdrawal penalties other retirement accounts have.

If the mortgage on your new property is less than $50, you will owe taxes on the difference.You may contribute additional equity or take on additional debt and still qualify for a 1031 exchange.

They contributed to their 401k for a few years to get some funds built back up.

Starting to read on tax implications, the reality of having a property I have to rely on management companies to run, etc.Again, looking forward to learning more and hopefully at some point start contributing to the discussions here as well.

All of my LLC's income is via rental properties (not flips) so my guess is that I may be unable to pursue this strategy.If I have contributed $18,000 via my day job's 401k, am I still able to contribute to another 401k or is that 18k net of all accounts.   

Having to come up with 25% down I was able to do myself but be ready for 10-12k of closing costs which because she was on the loan, she was able to contribute.

Just be sure to keep great track of any monetary contributions you're making to the accounts as well so you know where the funding is coming from. 

In your experience, what areas of improvement have contributed the most in increasing the property valuation?