I'd suggest focusing on your goal to purchase another multi-family, or single-family home where you can charge travel nurses per room/bed monthly rent.

Quote from @Charles Masten: Good afternoon BiggerPockets family,I hope everyone’s 2025 is off to a fantastic start!

Quote from @Mitch Seiffert: I have a single-family house in Minneapolis that I've been approached by a couple of parties interested in using it as a group home.

The IRS has strict rules when it comes to related-party transactions in a 1031 exchange, especially when acquiring a property from a family member’s estate.

Quote from @Raghavendra Jakkani: I have a single family house available for rent.

I have unmetered single family homes and I usually get $120 bills for them. 

This negative equity position is one of many reasons that adding ADUs in a single family zone is not typically a good RE investment.OP whatever you decide to invest in, make sure you do thorough and conservative underwriting. good luck You’re right in that the level of underwriting I presented wasn’t institutional level - but for your average person just starting out, institutional grade analysis often makes the thought of investing overwhelming.

I sold my company two years ago and I'm looking for investment opportunities in the real estate space, specifically single-family houses.

I’m mostly interested in multi family homes (using the Brrr method).

I did a 1031 exchange for 2 replacement properties, with sales price 170K and 200K single family homes.