I was looking into acquiring rent ready properties at 70% at its market value.

Also there is no restriction on acquiring conventional loan on primary residence even if you have maxed out on conventional loan for rentals.

Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?

And as you already know, buying the home as your primary residence will help you take advantage of the best loan product there is.

To better homes in the area and to create a product.

I have done business with Dominion for their 30 year DSCR product. 

HI Guenevere, You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% FHA with a few exceptions.

The market is full of garbage numbers and there is no shortage of newbies willing to acquire them.

However, keeping the property and borrowing against the equity (via a cash-out refi or HELOC) allows you to maintain your tenant and rental income while leveraging the equity to expand.Key considerations:1031 Exchange: Great for avoiding capital gains taxes, but make sure the new property offers better returns or diversification to justify selling.Borrowing Against Equity: Keep the steady Denver appreciation and tenant while using the funds to acquire another property.

Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.