Depending on what you find available and how many possessions you have but it’s likely possible to find a decent sized duplex to purchase.

This exclusion covers your capital gain on the portion of the sale that’s not part of the exchange.3.

I also believe that your Lot area has to be a minimum size in order for it to be considered "by right"I remember that some of the reasons why I didn't convert duplex to triplex:1.

New Mexico has an unfortunate law against prepayment penalties for DSCR Loans on 2-4 unit multi that requires higher rates, but they don't apply to 5+ and I've seen some people have success with that size range in NM

One objection that is common now a days is the first mortgage rate being low and the home owner not wanting to lose that low first mortgage rate.The other objection is they want to use the Heloc like a credit card only making a payment on the portion that they use rather than the full amount.

And as long as you have lived in it for 2 out of the previous 5 years you'll get the first $250K ($500K if married) tax free.But what's even better is that you can still do a 1031 on the sale for the portion that is used for investment. 

People paid alot for parcels that couldn't be developed without a variance for minimum lot sizes or otherwise worthless. 

Lower turnover means happier residents, but it can also translate into less operational stress for you.Max Occupancy: The size of the home and local regulations will determine how many residents you can house.

Given the size of this place, remediation could easily run over $100K, which I am sure you would not want to be responsible for.

likely going to be a bit too small ($ size) for most DSCR Lenders that do Mixed Use unfortunately