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Updated about 8 years ago,
Can you 1031 into an FHA-financed property?
I'm liquidating a rental property and am considering 1031 exchanging a portion of the proceeds into either a SFH that I plan to live in one room and rent the other rooms, or a 2-4 unit property where I would live in 1 unit and rent out the remaining units. Is this possible? I'm trying to look at this from the tax audit perspective and the FHA lender's perspective.
Thanks in advance for your reply.
-Leo