Hello @Dennis GallofThanks for posting.

@Joe Villeneuve, If I could vote a dozen times for this post, I would.  

The section you posted only applies to the "primarily for business" situation, which is not what OP described.

Your account & post history are very young and it seems you're here to simply look to justify your point of "you don't need an agent" Let's assume you are who you say you are and actually need to sell a house: I'm a broker and investor and its true, you don't need an agent if you know what you're doing! 

Hello Everyone,This is my first ever post here, and I'm excited to join the community and learn more.

Hi all, wasn't sure if I should post this here or in the HH forum as it relates to both. 

Currently we are seeing STR owners posting for sale due to reduction in prices they can get per night and the vacancy rate increasing.

From what I see in your post, the only issue thus far is expecting 20% down on an undesirable collateral type to most lenders...Cheers!

However, there are specific rules and requirements that must be followed to qualify for this tax deferral.In the situation you've described, your client wants to use a 1031 exchange to buy his mother's land.

*This post does not create a CPA-client relationship.