With that said, fortune favors the bold, and if you ever wanted a deal on property in the DR now is a great time to go shopping. 

Unfortunately, or fortunately, small multifamily are valued usually on the comps What is a typical duplex in the area with same # beds, amenities, etc. going for.

Fortunately they have fixed whatever earlier folks were complaining about.

For real estate investors--fortunes are made by buying the major housing dips.  

You could rent a room in a big house owned by a little old lady or in a rooming house.When my son was looking for an off-campus apartment, we were fortunate to find him a room in a rooming house in Hyde Park.

Fortunately, we came out whole and continue attending the local REI clubs as great fans.

Or maybe they will not pay rent and you have to evict (fortunately it has not happened to me yet).  

Fortunately, you have the option of a 5% conventional now for a small multi-family. 

Fortunately, I have a connection in Colorado who is a general contractor (GC), and I engaged their services for the renovation.

No need to reinvest.  1031 exchange - Only for investment property -requirement to reinvest in new investment property -profit is tax deferred indefinitely.And if you're fortunate enough to meet both sections (property currently used for investment but you've lived in it for 2 out of the previous 5 years) you can take advantage of both!!!!!