Personal residences or properties primarily held for personal use typically don't qualify for a 1031 exchange.Understanding state-specific regulations for like-kind exchanges is crucial.

My goals are not too crazy, but I do want to establish a portfolio that is significant to my family over the next ten years. 

New airbnb regulations obviously, but anything else? 

Establishing direct contact with the sponsor is crucial for obtaining detailed and specific information.

Everybody I have called said no except for one company that only does portfolios with established customers

Because we know what were doing, no guess work involved, and we have those established connections for how to best connect with such buyers. network, network, network, right. 

My concern was small single person businesses are subject to robberies which occurred frequently in the area in the early 1980's.The building was built in 1890 and NYC established building codes in the 1920's, and someone owned it all the while passed and my dad offered to purchase it but was beaten to it by a flipper who got it for $23K, and he bought it from the flipper for $25K.

Lastly, don't overlook any local regulations or HOA restrictions if any.

Partner Driven financed this deal using our established capital reserves, allowing us to close quickly and efficiently.

@James McGovernwell, they aren't used to dealing with investors, and probably want you to establish that you're a credible buyer.we don't run into pocket listings much anymore