The net result will be a slightly smaller employee population, but not a major reduction.

Was General Manager for a entertainment venue raking in 8million plus a year with 60+ employees for 4 years.Property manager for the last two years on my personal income properties.

Needed housing for an excellent employee.

@Dave Foster will know.Also, the 1031 is for “property bought as an investment, or in a business”.....not to build a primary home on or for flipping/developing, but you might could wiggle around that one maybe.

@Dave Foster Yes!

In reality that is a small percentage of us that do not know how to foster a relationship with a client and begin guiding them in their home purchase.

I have been working these areas of C class and lower for 2 decades now I have seen the same address come through our shop 3 or 4 times.. that's  3 or 4 full cycles in 20 years and each one that gave up lost a bunch.there is money to be made for those that know how to run these assets and are local and understand this is not a passive business its just a business they choose to own. nothing different than running any other small to medium size business where your either dealing with employee's or your dealing with tenants.. 

@John HeeneyTo summarize what many have said, you have a few options.Transfer to a solo 401(k) - Are you qualified to have a solo 401(k) - Self employees with no employees2.

I realize the two hypotheticals in this paragraph can be set up so as to be managed remotely through employee help/management companies but with so much of our net worth tied up in it, I would be checking in on an at least biweekly basis.4) "Default" on 1031 and pay sizeable recapture/capital gains penalties. 

@Dave Foster that makes sense, thank you.By the way, any recommendations for an Exchange qualified intermediary here in Rochester Ny?