1031 exchange questions

[Alex Castillo]

Hello, I am in need to go into a 1031 exchange. It would seem that I'm an experienced investor if I find myself in this situation.  However, I am not. I actually dont even own my own home, I currently rent. The only reason I find myself in this situation is that in a few months my family is selling a property in the near future. This is the first time that the partners (parents, my brother and myself) are going our separate ways with the profits of the sale. This is the reason I find myself in this situation. 

I believe I understand the financial aspect and the minimum price range of property that I need to purchase in order to qualify for this 1031 without getting taxed. With the share that I receive I will then have to get a loan to complete the purchase. However, Some of the questions that I still have, are the following: 

- Can I buy any type of multifamily? Does it need to be something that would normally qualify for fha loan? 

- Does it all need to be invested in "one Property"? I believe that I need to get something like with 5,6 doors. Therefore, I'm wondering if I can also venture in getting two separate duplex/triplex? Or all needs to be invested in same property?

- Can it be a "fixer upper" type of multifamily, something similar to be able to brrrr? If so, Would I be able to use part of the loan for the rehab?

Any type of help would be much appreciated.