IF you can supplement or eliminate your living expenses all together, your saving rate will go through the roof allowing you to buy that much more property. 

As long as you keep that 1031/DST going until you die then your heirs can receive their inheritance at the new stepped up value and eliminate any past tax obligations that were deferred during your lifetime. 

This will usually eliminate most applicants.

Some geographical markets are boom and bust...Your best defense is to diversify--eliminate single points of failure by investing with multiple experienced sponsors, in multiple markets. 

This will eliminate many large dogs.

But if you eliminate that last step it might be very possible to pool the money from your kids and you and purchase a property that is also a replacement for your relatives 1031. 

@Lance Antonio - I agree with the others that to maximize the opportunity for success and to eliminate frustration, it is best you talk to a lender and get clarity about what you will need in order to qualify for financing.  

While the average American household spends around 33% of their annual income on a mortgage, it might be a great idea to house-hack to eliminate your housing costs.

If you are renting, than eliminating that overhead while potentially making money on top of that through buying and living in a multi family house seems like a great idea.

Like most of us, I want to achieve financial independence in the next 7-10 years and intend to househack the property to eliminate my housing expense.