As long as the business portion of the land is at least equal to the amount of your sale  that would satisfy your exchange. 

thanksRyan  @Ryan RuppertShopify is a great platform for e-commerce, but it might not be the best fit for managing STRs in the long term.

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LoL So really trying to learn what I can, gain some capital, and see what my options could be for the year.I'd like turnkey and long term renters in place, as that seems like a good way to get started as a rookie. 

While none of us will be getting our money back he can live well selling off the remaining assets as long as they don't shut him down.

Even in the US when you have a mortgage, you should have a profitable investment if it satisfies the 1% rule.The 1% rule is generally applied to long-term rentals.

They also have a home vacancy tax in a lot of areas which applies to short term rentals. 

Was that purchase money, rate and term refi, or cash out refi?

Those are long plays for me.

If the market is tough, I reduce the rent rate over the full 12-month term.