1031 exchange is a way to defer taxes on profit when you sell property.

They barely exist, and the only reason the big guys are buying is that $ is cheap and the CoC returns are high with cheap leverage.It took me months, and months of looking here for MFH before I gave up and went commercial for my first 8-unit deal, and I did it for precisely the reasons that you outlined.  

See if you can cut them a break on your service fees (or do it on the side for them) in exchange for a lunch or cup of coffee with them occasionally and ask them questions.

Personal use also includes time spent at your place by another party under a reciprocal sharing arrangement (“I use your place in exchange for you using my place”) whether the other party pays market rent or not.Days devoted principally to repairs and maintenance are considered days of vacancy and are disregarded, even if family members are present while you work away.The tax drillVacation homes in this category are treated as personal residences for federal income tax purposes.

I decided to put 2 in deferment for a few months due to coivd.Now, I'm ready to move on.The root of my question is that I will be doing a 1031 exchange on one and want to look ahead and be in the best shape to get a new loan.I have the cash to just pay up all missed month's.

If you ever decide to sell and reinvest, you’ll want to learn about the 1031 exchange.

I offered to help him out of a tight situation by exchanging the house for the debt and letting me take care of the tax issues.

I'd be more than happy to chat and possibly exchange numbers.

I'm considering notes from various exchanges, but have no method/strategy defined around how to actually determine the good from the bad. 

Hi Preston, if you look at the Cash Flow only, this might not be good deal but if you are 100% sure it will appreciate in coming years and do a 1031 exchange, then you might think again. if you are not interested in this deal can you PM me the info, I might be interested in it.