., strangely enough there was a day when a critter called a leasehold exchange would have done just that.  

I own a few mortgage notes (bought of FCI), and was wondering if I can use 1031 exchange to defer taxes into another note purchase, same way one would do it with a property.Thanks,Ariel

you would also be able to immediately 1031 exchange your properties day one and grow from there..   

@Dale Orcutt , If you have rented to portion of the house, (House hacked), the investment portion of the qualifies for a like-kind exchange. 

In exchange, they can gift her the house in their will or a similar arrangement. 

Starting off with single family houses is great, but you'll want to 1031 exchange them into larger and larger properties.  

Or better yet, move out, use it as a rental and then 1031 exchange.

I'm looking to do a 1031 exchange on my owner occupied duplex in Los Angeles, where the upper unit was my personal residence for more than three years and the lower unit has been used as a long term and short term rental.

You can't exchange into improvements of property you already own. 

I know people do 1031 exchanges but what about the girl or guy who got into real estate because they want some extra income, or pay off school loans, or use it towards a vacation?