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Updated almost 2 years ago,
Can I 1031 proceeds from a SF to commercial multi unit apt?
I own a single family rental in RI, which cash flows and is rented to local college students Sept-May and I rent out via Airbnb weekly in the summer.
Equity - approx $250K conservatively.
I am likely inclined to keep it and find/generate funds for down payment on apt as next goal, and I am starting to educate myself in this area, but I was curious about whether 1031 is an option. Thanks in advance for any insights!