Can I 1031 the 1 commercial (cannabis) retail building and purchase 20 SFR?

I currently own a retail building I purchased years ago. 3 years left on the loan with a sub 4% interest rate.

They need positive cashflow to help them build/maintain reserves for the downtimes.

Real estate is a long game, and while appreciation is a powerful tool for wealth building, it should be balanced against the immediate financial realities and the market's future outlook.I hope this helps!

@Marco Werner Be sure to analyze the total cost for building the ADU vs. the amount of rent you can get.

.+ yes, that was also my initial reservation: a house that is filled with a bunch of beds is not a very interesting space.thank you for sharing that this isn't necessarily a mistake or the wrong way to go to build it out with a focus on design/experience more than utility.

If so, I would also start building your investor database and talking with as many as possible.  

In the meantime you can start building your database of potential renters. 

I’m interested in building relationships to scale our knowledge and portfolios together.I’m so grateful for BP and everyone here! 

How would I go about analyzing, building, financing a project to attract well healed boomers?