Either way it would be a grey area, selling a house with a different amount of units/bedroom/bathroom seems extreme though. its an auction site, I have seen auction sites miss the fact there was additional lots in a sale.

It’s the number of months it would take to sell all homes currently on the market at the current pace of sales.

I would sell then buy in a better location. 

Your current single-family property has a $1,000 monthly out-of-pocket expense—consider selling and using a 1031 exchange to acquire a multifamily property with better cash flow.

Early on in my career, I saw a close frend do something similar.. she borrowed from her circle to finance a rural fixer-upper, then paid them back once she refinanced after the rehab.I’m guessing that massive yard plus the barn is already a big selling point for your tenant, especially with a family that wants a little extra room for animals.

In regards to tenants, to putting the house on Section 8, to the selling of the property.

Hello,I’m looking for guidance on if a 1031 exchange is applicable in my situation.I currently own a single family rental property that I’m planning on selling.

I have no fear of running the numbers, building a team, investing, repositioning, refinancing, selling or holding larger properties.

If they are selling for under $250k I might just eat it.

It could impact your home equity and financial security.For a safer and more specialized alternative, consider a Fix & Flip loan.