1031 from One Property to Four Question

[Tony T.]

I have a small apartment building worth 1.4 million and wonder if it's possible to do a 1031 exchange for, say, 4 houses for around the same dollar amount. Then sell each one after living in each for 2 years to avoid paying capital gains and depreciation taxes.

I'm just starting to look into how 1031 exchanges work, so I'm new at it, but wanted to see if there's a flaw in that plan. I'm pretty sure it's common to live in a property for 2 years to avoid capital gains, I just wonder if there's a problem doing it after a 1031.

Thank you for any input!