Let's say this is a 400 unit apartment complex.  

But I like the features of tenant cloud.

Hi Justin, you have a complex financial situation, and your questions touch on detailed aspects of how capital gains and 1031 exchanges are treated in mortgage underwriting. 

@Alf Holst I know a property owner who does this for one of their larger apartment complexes, so yes some people do it

I did get an email from a young go getter who works full time at an apartment complex and does side work on nights and weekends.

Have a really nice and memorable feature for guests to distract them from other things (huge tv, fire pit, hot tub, PS4) 7.

Additionally, our strategic marketing efforts highlighted the property's new features, attracting buyers quickly.

Thank you in advance as we all need all the help we can get on the complex world of the tax code. 

Given your situation and concerns, here's a breakdown of considerations and advice:Pros of Renting Out Current Home and Buying a New Primary Home:Living Condition Upgrade: Moving to a larger, newer home with boutique features can improve your living space.Rental Market: West Town in Chicago generally has a strong rental market, which could provide good rental income from your current home.Portfolio Diversification: Adding another property to your real estate portfolio can enhance diversification and potentially increase long-term wealth through property appreciation and rental income.Cons and Concerns:Interest Rate: The current interest rate of 7% on a new mortgage is high, and there's uncertainty about future rate decreases.

The investors who are preparing to buy their first property and don't have two pennies to rub together wanting to spend thousands on complexed entity formation for asset protection purposes.