1031 Scenario - is it possible?
All gurus,
I have a Single Family Home (SFH) property that I want sell and do a 1031 exchange.
Scenario 1 - Sell the property and buy 2 SFH's out of state. Does it qualify as LIKE-KIND property?
Scenario 2 -Sell the property and buy a Multi unit? Does it qualify as LIKE-KIND property?
Thanks