If you are doing a 1031 exchange, you are exchanging one investment property for another investment property so you technically would not able to use it whenever you want because it would not be an investment property then and you may get hit with the capital gains.  

With a 605 he is already not able to obtain optimal financing, easy rentals (at least in my market), etc.  

There are a few notable exceptions and we are happy to share our thoughts.

Unfortunately I was not able to build up quite as much capital as we would have liked before her stroke forced her into an early retirement.

There are several notable Non-QM lenders that offer reasonable terms on 5-8 units and very strong borrowers (with half the networth of the amount they're seeking to borrow) can go up to 29 units. 

@Peggy GarnaatI stand corrected, I was able to verify that you purchased a property with JWB a little over 2 years ago.In my opinion you overpaid for the property but if you are making money and happy with your investment - I am happy for you.I was able to verify that Pam also purchased a property with JWBI was not able to verify that Michael, Ginny, Linor or David purchased properties with JWB.

In your case, where your rental rate is $2300 for a 3-bedroom unit and the maximum voucher amount is $1650 per month according to local resources, there's a notable gap.

This area is notably affordable compared to others in the city, with property values experiencing significant appreciation—increasing by 100% over the past 7 years.Thank you for any insights or advice you can provide.

If you don't mind sharing, what was something notable that helped you determine which market to start your virtual wholesaling journey in?

This ordinance is significant for its comprehensive approach to addressing source-of-income discrimination, particularly in the context of housing and rental opportunities.Key aspects of this ordinance include:The creation of a $1 million Landlord Risk Mitigation Program to financially assist landlords who accept tenants with vouchers, such as Section 8.Establishment of a landlord liaison position within the City’s Housing Department to facilitate communication and support.Landlords are allowed to deny rental applications based on individualized assessments, such as criminal convictions, credit scores, and eviction history, but the ordinance also sets clear guidelines for what can and cannot be considered.It includes a delayed effective date, allowing time for landlords and tenants to adjust to the new regulations.The ordinance also specifies that certain properties, particularly older houses that cannot easily comply with current codes, are exempt from some of the source-of-income requirements.The guidelines provided by Kansas City's Ordinance 231019, detailing what can and cannot be considered in rental applications, include several notable points aimed at balancing the rights and concerns of both tenants and landlords:Individualized Assessment Allowed:Landlords can deny rental applications based on specific, individualized factors, including criminal convictions, credit score, eviction history, alleged damages, and rent-to-income ratio.