@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).

the terms of your agreement with the agent will lay that out

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing. 

Purchase price: $185,000 Cash invested: $35,000 Sale price: $671,000This was our 3rd home.

You will be receiving a sales pitch.

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

A simple example I have used before illustrates this point.  

The site is just south of Lexington, another market desperately in need of rentals but higher points of entry.

You will be lucky if it adds $50k of value.  

Denton County offers opportunities in suburban and college town markets, while Grayson County provides affordable entry points with cash-flow potential.