I think I'm in a pretty unique situation and am trying to figure out the right hoops to jump through to move forward.Long story short, I'm trying to tap into the equity of the rental property passed down from my grandparents that is held in an S-corp which is co-owned by myself, my siblings, our cousins, and an idiot uncle.

Did you find any prior knowledge (tenant screening) of pets moving in?

I would also target ones that are ideal for renting out when you move out so maybe do a lower price point. 

Maybe the biggest "risk" might be the fact that you cannot occupy the property at all so technically if you run into hard times and need to move into the property thats not intended - but no real more risk. 

There is so much growth here - population growth, job growth, and companies moving and developing here.

After the trend moving from A-class hype down to B-class availability, to reaching for C/D-class opportunities, I might suspect the next focus would be back into B-class with fundamentals mentioned much earlier in the thread until the market opens back up into a buyer's market, followed by the Class A grabs again.I really appreciate you digging around for this reply.

I'd like to move forward with option "b".

So right now our main goal is the cash flow because in the end that is the way we will be able to move up in the real estate industry. 

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now,  should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!

Just wanted to express gratitude for providing this important information for out of town owners like us as we move forward.