If you want to defer taxes, a 1031 exchange allows reinvestment into another investment property, but the replacement property must be held for investment purposes.

I wish I could say that I'm venturing into real estate investing for some benevolent purpose like providing low-income housing for the needy... but financial gain is certainly my angle lol.

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

I am not happy with Grocapitus because they are changing the purpose regarding the use of funds which they raised Capital for without my permission.   

You do not need to have it under an LLC to take depreciation, the LLC's purpose is to protect your personal assets should you get sued.  

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

Do you think a duplex is generally a better investment than a single-family home for rental purposes?

Hello Michael,I echo Jon, completing a 1031 of a single rental into DSTs in straightforward however we typically recommend a portfolio of DSTs for diversification and financial objective purposes.

,Renting your primary home back to yourself isn’t typically allowed by the IRS for tax purposes, even if structured through an LLC.

That sale should qualify for the $500,000 sale of personal residence exemption for tax purposes.