Knowing this information, should I sell and take 300k(ish) to a bigger multifamily or apartment via 1031 exchange?

@Jacob Sampson, have you had any luck moving forward with this? 

However, there are ways around this:1.

I blame the politicians that create rules that allow this.   

When I talked to them about my large portfolio they gave me a ridiculously high quote which the broker said was basically because they didn't want any more business in this market right now.

Now that Trump won the election, I wanted to get a discussion going about what potential impact this could have on towns along the Rio Grande Valley like McAllen, and Brownsville, Texas.The population growth in these towns has been great over the years making it a worthwhile investment.

What are some of the challenges an owner would have accepting this type of deal.  

I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.

this is exceptionally difficult to do. 

Tenants that ask for these types of things are typically entitled and will take further advantage in the future if you do not curb this behavior.