Can I 1031 proceeds from a SF to commercial multi unit apt?

[Judy Walsh]

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!

[Dave Foster]

@Judy Walsh

@Nathan Gesner Is correct, any kind of investment property would qualify as "like kind" so long as you intend to use it for productive use in trade or business. One of the advantages of a 1031 is that you can switch from one kind of real estate into another that you are more comfortable with. A lot of our clients will find that they don't like LTR's so they will use 1031's to shift in the STR market or even something more passive like a DST.