With $150k here you’re just a little tight on budget but can make it happen if you self-manage and do your own furnishing and design.  

If there is no designation I would use an X as you stated.

The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

As I said, how we do it stems from our fundamental design.

Our Starter plan (which is free) is really designed to support newbie investors, as all of the available presets are what they should be using in building lists and sending marketing campaigns. 

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

It took new construction costs from $800-2500 down to $325 / SF and instead of 2 years it can be done in 8-12 months (design, permits, fabrication, shipping, and erection) depending on how much homeowners customized the standard plans. 

A debt service loan is popular for that step.

The area i chose to buy the house in isnt super popular and I have had a hard time getting it filled Lessons learned?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.