Coventional, 30 year, 20% down, 3% interest (those were the days!).

Which would normally disallow your exchange.But over the years the question that has been asked is "If Christian and his wife are to owners of the LLC and the LLC owns the property. 

Hi Rudy,I just started working with Revedy, my Broker has been doing it for 15 years now... 

I currently own a duplex in Massachusetts that I house hacked for 2 years (without even knowing that's what I was doing).

Ask your loan broker to run a few scenarios with 25 year mortgages.

I personally am not a fan of "old" (1920's year built) properties because they may have obsolete wiring, plumbing, windows, foundation problems, etc....yet they can have charm and are often in great locations. 

During the pandemic, I refinanced some of my rentals into 3% 30 year terms. 

HOAs can limit your ability to rent the unit too so you'd need to scrutinize the HOA bylaws to see if rentals are allowed or if there are any restrictions on rentals such as owners can only lease their unit for a max of 1 year etc..

He assume each unit produces $200 per month cash flow - $9600 per year.   

I have a friend that started a company and was up over 100 units in two years, so it can be done.I recommend you join NARPM.