Old post but I figure I would comment here... my Company, Maven Cost Segregation has done studies on projects like this.

Let me know in the comments!

"Phase I included 388 responses with over 1,200 comments and suggestions while Phase II included 141 responses and several hundred more comments and suggestions.

While FHA's max loan limit is $525,225Please comment any questions or if I missed anything!

This is such a great community and we value all the comments!

The FHA rules/regs (in particular the FHA self-sufficiency test) are applied the same across all markets, and I know for a fact that in rural communities across the country, and big cities that are not particularly desirable places to live, it's not a deal-breaker, I am not commenting on those areas. 

s comment.

Also there is a new thing called "novation" and I am not an expert on this and can't comment on it.

My neighbor has listed his but also has had occupancy issues as an STR and said that most people looking for either rooms or cheap stays but I can't comment on that as I have no experience listing as an MTR.

As far as some other comments about like kind etc, you can sell this SFR and then buy a warehouse, or vacant land or even exchange into a DST there are many other assets that are considered 'like kind'.