I read a post on here that stated in order for it to qualify, the new purchase of the 1031 had to be of the total sale amount ($10M or greater). 

The wealth of information from this group will help you feel comfortable when you purchase your first property.

You could sell it and purchase up to a 4 plex and live in one unit while renting the rest (house hack).

Firstly if someone is aware of a law specific to Georgia about this topic please let me know and also please provide any links to government sites that you know of I am happy to read up on the matter. 

I just purchased my first duplex in April.  

Purchase price: $240,000 Cash invested: $180,000 Sale price: $789,000 3 Story Victorian build in 1900

Either way this would be my first rental purchase.

Purchase price: $160 Cash invested: $108 Sale price: $355,000 Vintage 1900 2 Story 1650 Square FT Complete stud to stud restoration What made you interested in investing in this type of deal?

Then, I plan to purchase an SMF property that cash flows and repeat that process a few times over until I am able to generate enough income to reinvest to replace my main source of income today.Any specific neighborhoods in the WPB you think will have the best appreciation in the next 10-15 years? 

How did you decide on a fair purchase price looking forward a year of two?