@Dave Foster can tell you for sure but I believe you’d be okay on any “gain” realized from the sale of the replacement property but you would still of course owe taxes on the gain from the sale of the first property, that were deferred.

@Dave Foster thanks for clarifying the 1031 exchange.

Quote from @Brandon Foster: I love the idea.

The high vacancy rates in apartment properties in Memphis may be due to economic fluctuations and demographic shifts; however, they create a favorable environment for potential renters to find affordable housing and for rental owners to innovate and improve their offerings, ultimately contributing to a more dynamic and resilient housing market.

Listen to @Dave Foster and 1031 those two buildings into a multi-family building. 

Quote from @Dave Foster: @Daria B. those types of metrics will be treating both the cash from the 1031 and the cash from you as inflows. 

(Get a QI like @Dave Foster involved BEFORE the sale.)

I take great pride in my work, combining quality craftsmanship with innovative design to create kitchens that truly stand out.While I am deeply committed to [Your Company Name], my passion for real estate extends beyond just one room.

Quote from @Kamari Foster: Hi everybody my name is Kamari.I live in Ohio and plan to buy my first house hack by the end of this year!

Thank you, @Dave Foster.