If he is self employees then he can purchase owner occupied if he claims he moves there.

The net result will be a slightly smaller employee population, but not a major reduction.

Was General Manager for a entertainment venue raking in 8million plus a year with 60+ employees for 4 years.Property manager for the last two years on my personal income properties.

Needed housing for an excellent employee.

@Brian KalinowskiThe listing agent gets 50% and the agent that finds the tenant gets the other 50%What agent's do:- Provide CMA (Comparable Market Analysis) to determine your rent rate- Place the for-rent yard sign- Post your home on MLS and on 600 other websites including (HAR, Zillow, Trulia, Redfin, etc..) – Using Listing syndication to make your property as visible as possible- Place a lockbox for realtor access- Professional photography- CSS (Centralized showing service) - 24 hours call service to schedule appointments to ensure all showing requests are responded to- Post your home in different social media outlets (Facebook, Instagram, Linkedin, Pinterest)- Prepare the Lease, collect the deposit and first month's rent- Screening all the applicants (Credit Check, Criminal History and rental history)- Income, employment, and rental verification.

I have been working these areas of C class and lower for 2 decades now I have seen the same address come through our shop 3 or 4 times.. that's  3 or 4 full cycles in 20 years and each one that gave up lost a bunch.there is money to be made for those that know how to run these assets and are local and understand this is not a passive business its just a business they choose to own. nothing different than running any other small to medium size business where your either dealing with employee's or your dealing with tenants.. 

@John HeeneyTo summarize what many have said, you have a few options.Transfer to a solo 401(k) - Are you qualified to have a solo 401(k) - Self employees with no employees2.

I realize the two hypotheticals in this paragraph can be set up so as to be managed remotely through employee help/management companies but with so much of our net worth tied up in it, I would be checking in on an at least biweekly basis.4) "Default" on 1031 and pay sizeable recapture/capital gains penalties. 

Hire the help you need or add the tasks to the job descriptions of employees you already have and see that they get the training necessary for the job.

All Contractors are subject to the lender’s determination that the contractors are qualified and experienced, have all appropriate credentials required by the state, are financially able to perform the duties necessary to complete the renovation work in a timely manner, and agree to indemnify the borrower for all property losses or damages caused by its employees or subcontractors.Multiple Specialized Contractors: Since this is a limited repair/renovation program, no General Contractor is required.