Buying multiple properties at once

[Jordan Buie]

So, let's say I own a property worth $300,000 in one city that cash flows decently, but in another city, two hours away (where I moved from), properties are much less expensive per quality and cash flow like crazy. Is it possible to sell the $300,000 house and instead qualify for the loan and use the equity to buy 6 or more $40,000 homes all with one deal and one lender and in a 1031 exchange?