1. use the 1031 money to buy 2 investment properties with a combined values >= the sales price2. use the 1031 money to improve one of my existing investment properties (e.g. building an ADU / remodeling)Thanks

I would sell the properties.4 rental properties over 3 years won't make you much money.Maybe 100 per door per month in cash flow and a matching amount in appreciation.That is $9,600 over a 3 year period assuming you have SFH's.You are improving your ability to make more money in a better position hopefully when you complete your master's degree.You will make that $9,600 working 2 weeks.The sale of the home will hopefully allow you and your wife be stress free for those 3 years helping you make a higher hourly rate.

Are you looking to make improvements or buy as-is?

If you build your own, you can continually improve and refine it as needed.

.- Property Improvements: Funding additional property improvements such as renovations, HVAC work etc.- Operating Shortfall Coverage: Addressing operational shortfalls during challenging periods.Objectives of Mezzanine DebtThe primary objectives when using mezzanine debt include:- Project Stabilization: Completing renovations, construction, or improvements and then stabilizing the property with 90%+ occupancy.- Interest Rate Management: Buying time until interest rates normalize or decline.

You can also watch Jaren Barns on youtube and there's a few other guys that do it too.

My father is in the home improvement bussiness, we just had a hail storm pass through that damaged peoples roofs.

I've  seen Finance Cowboy's (Jaren Sustar's) videos in my Instagram news feed and watched a couple of his YouTube videos.

My advice to people Who are interested in this automation is to get one or two assignment wholesaling deals under your belt or at least five to $10,000 of profitable flips before joining that being said it will give you disposable income to throw in invest into a system in which you can market however if you haven’t made not even one deal at least get one under your belt through you know Facebook channels YouTube craigslist your local tax liens whatever you can do at least get one even if you have to co Wholesale with somebody Truth to the matter is people are in constant search for that get rich quick automation tool where they could have little or no experience and just generate money and that is entirely possible however you need to perfect the craft of marketing or hire somebody who can.

You can outline the reasons for the adjustment, such as market rates or property improvements, and emphasize your willingness to work with them during the transition.Regarding the tenant you plan to ask to vacate, approaching this conversation tactfully is crucial.