Of course when doing the 1031 exchange your basis will carry forward into your replacement property.Where you have a potential issue is establishing your intent to hold those properties but immediately selling one or more them as soon as you have them ready. 

Operationally, we're working in tandem with our legal teams and servicers to address a potentially large amount of defaults on our loans from this pandemic.

I decided to look into an official duplex or triplex putting 150K down that has value add with renovations and potential unit add but it wont have as much equity because it will be an on market deal. 

I'm assuming you would need an LLC for each property but potentially you could make one that would encompass all your properties. 

I guess to get a definite answer I'll have to cold call to get see if all these people are behind on their payment or it's just a standard practice behind some salesmen!

There's a lot of timing to consider, and honestly, this potential first cost segregation will be a learning experience for us. 

The IRS disaster assistance page and hotline are key resources for those seeking guidance.One significant benefit for those who have experienced property damage is the potential to claim a casualty loss deduction.

My focus is on uncovering properties priced under $800K with the potential to gross six figures annually.

The idea here being you buy a 3-4 bedroom house near your practice facilities--and renting the extra rooms to your teammates. 

By emphasizing your qualifications as the basis for your decision, you steer clear of potential issues related to discrimination.