Is it true the acquired property's purchase price must be higher than the net sales of the exchanged property?

Education is great but action supersedes it because, with action, you are acquiring educational experiences that likely resonate much more than any professor or book could do. 

The advantage is not having to deal with 10+ individual loans and being able to add a property to the loan later as you acquire more.

The distinction is that you already own it rather than a "purchase money mortgage" which is used to acquire a property.If you do the refinance you might be just paying off an existing loan. 

You can complete your 1031 Exchange by acquiring replacement property valued equal to or greater than your net sale price and then wait a few months and refinance at that point so that you can take advantage of the current low rates. 

Our goal is to acquire another 5 houses in 2 years. 

Good morning everyone, I recently acquired a property that has a single family home and a mother-in law apartment in the back.

I have acquired a couple of rentals in the Mount Juliet area; both were move in ready and rented quickly.

The only way I see us staying there is acquiring income producing properties (in addition to our salaried jobs) before buying our forever home to offset living expenses. 

But he also owed the bank $40,000 that he stopped paying, the bank has not yet taken any foreclosure action on it, so I was told by my escrow agent that I can acquire this deal with a "Markeatable title" at this moment, but he can not insure it until I get a quiet title ?