1031 into multiple cheaper properties
I have a fair amount of equity in a property I own which I loose money on every month. I've been considering selling it and buying a few properties around the area I currently live in. In the new area properties are considerably less expensive so I would need to buy two using the money I made from the sale as well as money I have saved up for their down payment. Any hitches for purchasing multiple properties from the sale of one in regards to the 1031?
Thanks, Branden