Investment Info:

Small multi-family (2-4 units) buy & hold investment in Saint Louis.

Purchase price: $90,000

Cash invested: $50,000

Sale price: $289,000

4 family building purchased in distre...

But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less)     *new siding 30k (just put on a new roof this year)     *legal 10-15k     *fire proofing 15k     * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home     *big grocery store put in 3min away     * newly paved road in front of my house     *a building that was falling down across the street has been torn down          * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.

In exchange, I'm thinking that she would collect all the cash flow and potential equity until I refinance and get the loan originated in my name...

So showing the loan on the HUD/Settlement Statement when you close is highly recommended.Now, I'm not sure what "1033 requirements" you are referring to....did you mean a 1031 exchange?  

@Joe Vigurs  You can do a 1031 exchange on any type of investment real estate.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

You might consider doing a 1031 exchange and selling a couple of your properties that are cash flowing the least amount and buy in a market that is more conducive to cash flow. 

Hey Matt, I own 2 duplexes here in Columbus, Ohio and I would say that buying duplexes in an appreciating area would probably be your best bet.

Many of our buyers & sellers use 1031 exchanges. 

Also I was wondering if you could refer any note brokers, services and loan exchange businesses?