The IRS has strict rules when it comes to related-party transactions in a 1031 exchange, especially when acquiring a property from a family member’s estate.

Asking in the correct forum will get a better response.Read the RULES!

Also, I would look at rental rates to property values to determine if any areas are around the 1% rule.

build a multifamily property and continue that strategy. building is a different strategy that allows you to still enter hte market below value. this is what we build in columbus ohio for investors it's a 3 story walk up infill that's about 24x40 and 2 bedrooms 1 bath stacked 3 times. it's identical to like 65% of apartments that are built. you'd need probably 100-150k in proceeds.

That is what the OP is wondering how he navigates those rules etc.

@Annie AnsonUnderstanding the STR rules can be overwhelming.

When building my home, I could easily have added $1M to the price tag by just using concrete and steel.  

But success depends on choosing the right cities and building an experienced and reliable local team.

When it comes to housing, the FHA rules apply in addition to those of your state/city.

Just in case.Ultimately whatever correlates with your future plans but a solid way to build long term wealth.