Unfortunately, verbal agreements are difficult to enforce, especially when there is no consideration (something of value) exchanged.

Get LPMI and take a higher rate in exchange for no PMI. 3.

A few years ago I did a pair of mortgages for a pair of houses right next door at the same time, both being purchased from the same seller (1031 exchanging them into a strip mall in the midwest, gotta love Bay Area home values).

Maybe we just exchange the cheaper 8% interest debt on some performing assets that are still on 12% HML and let them season more before we refi with a bank. 

I know that a 1031 exchange is difficult when selling 12 houses, but I will pay the capital gains tax in a heartbeat if I find the right apartment building.

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You can always sell the condos and do an exchange and try to upgrade to a multi.....pick up more doors that way so you arent over leveraged. 

I've never done a 1031 exchange before and have a couple basic questions. 

As my portfolio grows this property will possibly be grouped in or I will attempt to do a 1031 exchange.

Can I do 1031 exchange to avoid paying taxes on 100k or just the 25k