Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

@Sumit Kaul yes, you can do this and it usually takes a reasonable amount of assets to perform this. 

The 1031 exchange must be performed by an unrelated 3rd party whose only role can be performing the 1031. 

BUT, we do see some notable exceptions with condos that perform very well.

I manage a few MTRs in that area and they perform well. 

Quote from @Steven Gesis:  Important takeaway is due diligence review, not only deal level but sponsor track record - yes, past performance is not indicative of future results, but at least it's a metric to review.   

Quote from @Magda Lipinska: Short-term rental (STR) will generally out-perform a long-term rental (LTR), but it's not a guarantee.

Property Management EvaluationPerformance Metrics: Evaluate the performance metrics of Ace Management and Reality.

STR can perform fine as well.If you’re looking for multifamily, I’d suggest you look at OH.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!