Note this election MUST be made in the year of the dispositions.2) 1031 - There's usually no tax on gains or losses when swapping property for similar property.

While it’s a bigger initial expense, it aligns well with your long-term retirement strategy and could provide peace of mind for years to come.

. $550  / mth * 8 unit = $4,400 * 12 mths = $ 52,800 GRI  ****not $53,800****The formula for CAP = NOI/PriceNOI = [GRI - V&C loss + OI] - EXP  *****You did not subtract for expenses to arrive at NOI nor include a vacancy and collection factor****Assuming expenses are 50% and 100% occupancy (which 100% occ is not realistic all the time).

I see you are in Seattle, James Dainard Cohost of the Bigger Pockets On the Market Podcast does local events and meetups.

What I am trying to ask is does a bigger project still come out to about the same price per SqFt with similar scope of work?

Quote from @John Mason: Karan Welcome to Bigger Pockets and I wish you all the best in your investing journey!!

@Derek LeggettWelcome to Bigger Pockets.

The bigger the job to faster they will get to you.

Typical pad site is about 3 acres, but I've seen bigger and smaller depending on the well. 

The PMI gets higher as you step up from 85-90-95% LTC.So even if you can get approved for this, you need to ask yourself are you willing take on potentially years of cashflow loss, for the privilege of owning the property?