The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

Purchase price: $90,000 Cash invested: $60,000 Buy and hold that I still have to this date.

To defer all tax you must purchase in total at least as much as your net sale.

Asset sold was mainly transfer of client list and contracts.Does it make sense for me to seek out a note purchaser?

Nobody who has been purchasing section 8 rentals for 2 years and doesn't understand the costs associated with operating these assets sustainably has any business investing other's money.

Quote from @Enrique Toledo: I came across a really good seller financing deal and I would like to purchase it as my first deal but I don’t have enough money for the down payment.can I use a lender of some sort to give me money for the down payment?

I paid a flat $80 or 90 to MN renters warehouse when I first purchased there because the rent was $2,700.

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

Im not a realtor, but i do know of many investor friendly agents here.

My question is do I go forward with purchasing the property and deal with the higher insurance and potential hazard or is it smarter to walk away?