However, are you planning to do a 1031 exchange, or is this a primary residence? 

I have been investing mainly in trust deeds but like you got connected with Dave and just recently ended up investing in his fund, my primary reason was for diversification and because it is passive. 

@Edgar Duarte Selling now under the primary residence exclusion avoids capital gains taxes, allowing you to reinvest the $500K equity in diversified assets like index funds or additional rental properties.

I live in my own primary residence and that is fully paid off. 

Features a versatile layout with potential for office or hobby spaces, and a primary suite with a double vanity bath.

We have our primary In a trust but thinking if it's a good idea to buy the rental in a trust as well.

***BUT keep it ***B - Buy it F - Fix itLive - Primary Residence itLeave - Keep it, rent it out, and find a new primary residence What made you interested in investing in this type of deal?

The spacious primary suite features a private full bath with double vanity, while the flexible layout provides options for bedrooms, an office, or hobby spaces.

I currently own a 1 bed 1 bath single-family house as my primary residence.

At this stage you're probably better off investing that extra money into your primary business activity.What part of CA are you in?