1031 exchange an owner occupied investment?

[Jacob Casarez]

Can you 1031 exchange an owner occupied investment that is FHA financed?

[Dave Foster]

Not to go tax free.  You're plan is a good one.  If it's too slow for you, you could look at tapping equity and buying your next rental more quickly.  Then get on the 1031 wagon.  You could also do that and then down the road a bit convert it into your next primary.  But, the tax free portion will be prorated between the time you used it as rental and as primary.  You may have some calculations to do.  Sometimes slower is more lucrative.