Have your QI give you a detail lesson on 1031s and make sure you understand it.Pros:4.  

Not exactly sure about the legal details, but initial overview of the system seems to suggest this kills quite a few birds with one stone.  

@Hamidou Keita House hacking by converting a single-family to a duplex is a smart strategy, but requires careful planning.Pros: Offset living expenses, higher rental income, increased equity.Cons: Significant conversion costs (permits, construction), zoning restrictions, living in a construction zone, managing two tenants.Key Considerations:Feasibility: Check local zoning and permitting.Costs: Get detailed construction estimates.Market Analysis: Ensure post-conversion rent covers expenses and there's rental demand.Resources: BiggerPockets forums, local contractors, real estate agents.Have you researched your target property's conversion potential?

They already have my records from the previous year(s), I’ve been a client for 20+ years, and I provide pretty detailed reports per property.

@Jared LyonThe devil is always in the details.

It served us well, along with the other detailed information they could provide, to make an informed decision. 

Assuming it does happen, despite all the obstacles that I mentioned earlier, could you please clarify a few details for me?

Yeah @Kent Fang ching, you detailed a couple of the strategy actions we are doing for clients right now in MN. 

It's a detailed perspective on how private lending works, with practical strategies for building wealth through this niche.

Quote from @Bob Asad: Thanks for the detailed response.