And that would violate your tax payer requirements of the 1031 exchange. 

I've done a lot of research into this and believe this is for me, but am getting some roadblocks when it comes to funding requirements and my buy box not aligning.

When it was built the electrical wqs put in to the code requirements at that time .

Getting a construction loan without formal building experience is possible, but lenders often require a licensed builder or contractor to oversee the project.

@Austin Tessyes, you can get a loan to do a flip, but flipping still requires your own cash - it's typically impossible for a brand new investor to borrow an amount that covers all of the costs of a flip.  

I would make some upgrades to the unit I occupy and then rent it fully after the occupancy requirements are met.

I'm now aware of any "lifetime" limits for FHA loans, but you're required to live in the property for at least 1 year after the loan starts.

Proactively managing tenants greatly reduces evictions and other problems.Finding a Good Property ManagerGood property managers are rare, so finding one requires a structured process:Define Your NeedsList required services based on property type and location.

@Ricky Sanchez One of the requirements of doing a 1031 exchange is that the tax-payer for the relinquished property has to be the same for your replacement property.

Some documents require “wet” signatures… meaning hand signed.