@Margaret Buoncora,  If these are sold individually then each one of them constitutes a separate 1031 exchange with it's own unique timelines and reinvestment criteria. 

Every situation is unique.  

I am in the last few weeks of escrow on my second sale and have a significant amount of equity since I purchased during the recession in the North bay of California’s Bay Area.The challenge for me now is to find a good deal to roll this (250k) into that cash flows and will appreciate.

If you want to challenge it, then they require you to pay for an appraisal (which in most cases, is worth it).

I really believe that I am up to the challenge and that my experiences as a soldier have given me many skills that will enable me to become a successful real estate investor.

This facility is unique that it is in a resort town, 100% rented with a waiting list, not typically accessed on a daily basis.

@Clark Kahawaii thanks for posting this.  4-plexes in Dallas are a lot scarcer than other markets and I've got some thoughts on just some things to consider:Comparables - with Multi-Family units in DFW finding comparable properties (comps) can be challenging. 

. :-)  But yea, I think this is definitely going to call for some really unique negotiating.

I'm working with the city of South Pasadena right now and they are significantly more challenging than LA.

Joel, I don't know if this is allowed but you  Might Try Robert Hudgins from Searcy  he has helped me with my real estate challenges.