However, weighing your options and performing due diligence carefully based on your specific circumstances, the property's potential, and your long-term goals.

If you have any specific questions, I’d be glad to help!

There is no specific IRS-mandated minimum holding period for a property acquired through a 1031 exchange before you can retitle it, that's why it's hard to find an answer. 

Without knowing all of your specifics, I'd say that it's only worth holding on to if you can reasonably expect to have some really good appreciation in the near future (like 5 yrs)....Or, in the case where it would run well as a vacation rental, you could switch the usage, maybe?

What specific details do you look for in a lead (e.g., financial info, property condition)?

Hey @Rio Nance you’re casting a pretty wide net with your question, since it's not specific to an area or city, but I’ll share based on what I'm seeing.

I have talked with a few MTR specific investors recently who are transitioning their properties to long term rentals because they are sitting vacant.

I've tried to research laws and regulations for MTR but there hasn't been anything set specifically like STR. 

We have specific and unyielding criteria for this, which we provide to all potential borrowers in advance.

In many cases, the $/sq ft value for an ADU can be slightly discounted compared to the main home, but it still boosts overall property value.As far as the specific question about Feliz/Silverlake, maybe reach out to a local appraiser or RE agent who would be able to give you specifics.