Only current business/investment properties are eligible for tax deferral under Section 1031. 

I had no idea that only specific sections of the city allowed STR.

One is section 8.

But, could I minimize risk of renter defaulting on payments for the 2nd property by turning this property into a section 8 housing unit with guaranteed income from the gov't?

I am trying to figure out how J and Dave got to $65,000 in the following section (I am reading the eBook version so page numbers won't correspond with the physical book):  Towards the end of Chapter 2; "Finally, notice that the owner equity in this business totals about $65,000; because John is sole owner of the business, that $65,000 is the value that John transfers to his PFS and can claim as his ownership value in the company.”Everything up to this point was clearly explained on how they got to the number, except this $65,000.

We plan to rent out the basement on a medium-term basis - we are going to install a full kitchen down there, put a lockable door between upstairs and downstairs, fence off a private section of the yard, and there is already laundry down there, so it will essentially be an up-down duplex with a separate walkout basement entrance.

I am working on analyzing deals daily and am using the BP tools section to assist.

You may want to post in the classifieds section of BP to find cleaners, handymen, and other help to remotely self manage the property

Our family owns a home occupied by a section 8 tenant.  

I’m having a hard time figuring out the answer to the last question at the end of the chapter in the Hone Your Skills section.