Those reasons can be :-Demolish or convert property.

Since the rate and assessed value will probably not be on the same page you will need find them individually and then multiply the rate(Convert into percentage if displayed in another form) by the assessed value to come up with the property tax of the home. 

You can as the employee choose to convert that amount to Roth status after the contribution has been made.

If they decide they do not want to, they can call the note and request the full loan balance to be paid off OR work with you to convert it to a long term mortgage....like the cash out refinance option.

You can also convert an investment property into your primary residence and end up with a prorated amount of the gain tax free.Plenty of ways that the 1031 can be used throughout your entire life to benefit you rather than paying the tax on the sale - if that was your question.

I thought I’d be able to convert to a 4 family from a 3 but didn’t do enough due diligence.

We converted/managed a friend of mine’s rentals into sober houses.

Might even work better to convert back to single family and resell.. 

Background information on the deal: It is currently a 4 unit property, but there is an unused garage, that I would like to convert into a 1 bedroom unit.

I bought a place in November 2019 as an owner-occupied property in California and I intend to convert it to a rental after 12 months of living here.