That doesn't matter under a DO3 policy - its their responsibility to find an exclusion, not your's to find its an included loss as any loss not excluded is covered. 

I was also a military officer and know a few successful syndicators, I believe those two tracks are mutually exclusive. 

@Sean Ross, just as a side question, is it possible to 1031 into a property that is not used exclusively as an investment?

@Ryan GuerretteYou mentioned being new to investing in real estate - You likely want to work with a CPA who will be able to tell how different segments of real estate are taxed(buy and hold, flipping, wholesaling) as they are all treated differently.There are also many tax codes that are favorable to real estate investors(1031 exchange, 121 exclusion, depreciation, real estate professional status).

You can use the personal residence capital gain exclusion every 2 years. 

It is a strategy my utilizes as well.However, Kennesaw is an area that might be more suitable for leasing to other options as well and it may narrow your tenant pool to market exclusively to students.That being said, if you are dead set on utilizing this strategy, I would recommend other nearby markets surrounding universities such as GSU, Georgia Tech, Emory or the University of Georgia.

I know because I almost exclusively work on tax sales now days and I researched some counties in New York.  

It has been determined that this like kind exchange can exclusively be used for real property, which excludes all cryptocurrency.

Go to an independent insurance broker, not a captive like Farmers or an exclusive All State agency. 

Syndication was around, but it was exclusive to very very high net worth folks.