@Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

@Sung Yu another modality of 1031 is a reverse 1031 exchange.  

Quote from @Ogonna Odo:  Small ones will not, they typically like cash or checks.

I’m passionate about the development and redevelopment of these assets.I come from a background as a commercial wholesaler and have worked with respected groups like Sands Investment Group, Hudson Edge LLC, and Vail Commercial during my time in wholesaling.

The 50% rule - in my opinion- is used solely as a quick back of napkin calculation to determine if it is worthwhile to do more investigating of a property. 

We’ve provided a toothbrush. 3 years later and it’s still going strong! 

I’d like to start off by house hacking a multi-family unit. 

I would have advised you against an LLC, most likely, contingent on your attorney's legal protection concerns.This is assuming that by "we" you meant your spouse.

I’d love to help if you’d like!

It’s a market with low risk and high potential, which makes it an attractive option for those looking to diversify outside of expensive markets like California.Regarding turnkey properties, it sounds like you’ve already found a good provider.