Do your same background and credit checks and other requirements that you do with every other applicant. 

I had technically 21 offers for my Miami place, I say less because I use the cash offers as real offers.

We still did formal background checks. 

With my background in IT, my only suggestion to you is to get something that connects via hardwire CAT5e.

And usually the architect technically has a license on that material, I believe. 

Just a little background, we are big on long term and big on passive income.

Just looking at numbers high level with no background on number of units.

So, it's technically been one full year as of last month.

Currently, there's still very few MF syndication that could accept 1031 exchange to their syndication, thru TIC mechanism.The problem from the technical side is only timing, you just need to time it correctly for that 6 months window to close.

The rule technically is "2 out of the last 5 years," so in theory you could live in it for 2 years, rent it out for another 2.5 years, and then when you sell you would still be covered under this same exception.I am very passionate about real estate and would be happy to answer any other questions you might have.