Question about definition of like kind for 1031 Exchange

[Andrew Shofer]

Hello All,

I was curious to know if it is possible to use the 1031 Exchange to sell a small multifamily 1-5 units in exchange for several single family homes that in total would be more expensive than the initial multifamily. I recognize this isn't exactly like kind but wondering if this has been done or if there is a multistep process involving several transactions over a period of time where you can shift from multifamily to single family or vice versa? They would indeed all be rental/investment properties and not personal residences.

Thanks! ~ Andrew