As long as your primary residence on your drivers license is updated correctly and you fill out this new residence as primary application, it may be no problem.

Welcome to the community and I wish you all the best.

Hey @Christopher Morris welcome to the community! 

Hi Danny, welcome to the BiggerPockets community!

Thanks again,JimHi Jim, welcome to the BiggerPockets community! 

I think your question should be posted into a few of the F.I.R.E community groups too.

Purchase price: $118,000 Cash invested: $118,000 Tried to buy a place during the pandemic in NY but was getting outbid like crazy over 100k, so I was lucky enough to buy a condo in tulum mexico and do a short term rental. 1 bed, 1 bath, with community pol, 15 minutes away from the beach and 15 minutes away from the city.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

What is on the insurance application that you signed? 

And, well managed institutional 1031 Exchange Qualified Intermediaries will have already evaluated the applicable risks, addressed the critical issues and implemented appropriate safeguards to protect your 1031 Exchange funds to ensure the successful completion of your 1031 Exchange transaction.