But with the recent change to depreciation rules on overseas properties, perhaps Japan is worth exploring again.Sorry I don't have much to add, but I've been following this conversation for the past couple of days and figured I'd say "Hello!"

There are several basic rules for a 1031 for identifying properties, timelines, and uses. 

How many agents do you see now that follow those 2 rules?

From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

.: And how would you enforce that ruling Brian?

This region offers attractive home prices in the $100K–$200K range, combined with rental yields that often exceed the 1% rule.

As a general rule, I aim to achieve a net return of $800–$1,000+ per month for every $100,000 invested.

Asking in the correct forum will get a better response.Read the RULES!

Let's use a tangible example.So let's say you and I both own an identical 3/2 SFH - yours is in Decatur and mine is in Huntsville.