1031 Exchange/Seasoning Requirements

[Lawrence Paul]

Hello again,

I plan on using the 1031 exchange in the coming years to upgrade from SFR to either 2,3,4-plex or a small commercial unit.

If I say 'season' my SFR property for 1 year so the income shows up as net gain or net loss, but then want to 1031 exchange my SFR into a 4-plex (more expensive)...

Is the 4-plex already considered 'seasoned' or will I have to wait an entire year to 'upgrade' my properties from SFR into a 4-plex type option?

Thank you!