Putting more debt on a property that is a potential problem just adds to your problems.If you find that you'd ultimately rather sell the property and find an investment property with better potential, a 1031 exchange could be a good option to make use of all that equity and reinvest into something better.This would allow you to defer all of the tax you would normally pay and reinvest it into another investment property/properties and scale into better real estate and markets.One other question that might make a significant difference: Have you lived in that house for 2 out of the last 5 years?

A clean, profitable transaction that highlighted speed, precision, and teamwork.

Long-term, I want to expand into rentals and build lasting passive income streams.I'm excited to connect, exchange knowledge, and grow alongside this community! 

The more your TIC feels “condo-like” in governance and budgeting, the smoother the financing and the better buyers will respond.On 1031 exchanges, TICs can absolutely be exchange-friendly if they’re structured to look like co-ownership rather than a partnership.

If there is anything I can contribute or offer in exchange for some knowledge I am more than happy to chat and meet!

So you're right for wanting to do a 1031 exchange.

You cannot sell first and then start a 1031 exchange.

Feel free to connect if you’d like to exchange ideas always good to grow the network with motivated investors

My wife and I started by building our foundation by saving diligently and moving strategically to take advantage of better financing through primary residence purchases.Over time, we’ve used tools like the 1031 exchange to scale our portfolio, even relocating out of state to expand into new markets.

And you would pay long-term capital gains on the profit.If you did decide to rent out the property and sold later down the road, because you converted it to an investment property, you would be able to do a 1031 exchange and defer all of the tax and depreciation, to reinvest it into another property/properties.