We've worked with may clients who will move out of a primary residence that has more than 500K in gain so they can combine sec 121 and 1031 to make all of the gain tax free or tax deferred.We've also have numbers of clients take advantage of the 1301 - 121 conversion to ultimately turn part of the tax deferred gain into tax free.Your situation is somewhat unique in that you're wanting to combine both of those strategies and take the 121 pro-ration tax free and 1031 the other pro-rated gain.

Hey guys, I stumbled across Vulcan7 in a search for finding unique ways to generate more leads.  

A purpose involving a new, unique or speculative venture rather than a relatively risk-free ventureFurther, in general fractional interest sold are considered securities.  

Student Rentals is a unique business and with no student rental experience, it's going to be very hard for you to determine how to convert it the most effectively and to be completely honest, reading even 1,000 books won't help you.  

@Mark Senecal Well, I can tell you what I have done with my self-directed retirement funds:1) Private Lending2) A Unique CF platform: and this is now where the bulk of it is now going as I wrote about in this article Have I Found the Holy Grail of Passive Real Estate Investing?

You could potentially use SFH if your property is unique in your area and you can't find any comps, but you'd need to research the difference in value per square foot in your area for SFH vs multi.

BP forums seems somewhat unique among other forums I've been on, in terms of the general friendliness.

So I'd bet you can keep it as is, but the chance you have to convert the units to commercial offices or something, is unique. 

I would like to see what else I could do to get started.I would probably have to find a unique way of financing my next investment. 

Just wanted to share a little of this story and adventure we are on in little old central Maine so others can chime with their unique projects and challenges they are facing.