Hi Devon,An important thing to also keep in mind is, despite some seminar speakers saying otherwise, there is nothing like a 1031 exchange in Canada.

I have a duplex rental in shoreline since 2004 and would like to either recoup some of the equity to reinvest in new properties or 1031 exchange to a larger property with higher cash flow 

He would give them chores and in exchange for doing chores, he would give them more time.

Compound this with a flurry of 1031-exchanges and you have a frothy market where it's tough to get yield. 

It seems like such a gray area. From the research I’ve done, some go 12 months and some go 6 months. There are others who even stretch that and say there is nothing you can do if someone offers you a nice profit. Afte...

1031 exchange?

@Ryan Zidek, I may be wrong and am new to real estate investing, but the 'trade up' wording may dictate that Brandon sold the 4-plexes and use the remaining equity (after paying off loans for them) in a 1031 exchange for the larger property. 

The listing agent also has in the listing remarks that the current owner is trying to sell them to do some 1031 exchange, so I imagine there is some eagerness to sell. 

But if you want to go that route it's as simple as selling as yourself, using the 1031 exchange and buying as yourself. 

(I was a caretaker for a large estate in exchange for free rent, and didn't really work much otherwise.