Did a 1031 exchange from San Diego to Ouha Hawaii
Hello
Here is a question about my exchange. I sold 6 units in San Diego and bought a rental condo and 2 house on one property for rentals. The condo is rented out no problem. The two houses where bad fixer but only 6 house from the beach at a bargain price. Once I purchase the house in May I gave both tenants notice since the houses where unsafe and unlivable. Since then the wife and I have been working on the house full time. The houses will not be ready for rent until Feb and April of 2018. Since I did a like kind of exchange (Rental property for rental property) and will only had rented it for a couple of months in 2017 will this be a problem. I plan on keeping all the properties for 15 to 20 years and the 6 plex sold I had for 16 years.
Thank you
Tommy