Multiple 1031 Exchanges in One Year

[Account Closed]

Hi,

I just completed a 1031 exchange in the beginning of this year. I exchanged for a single family house, renovated it, and am now renting it out. I have just come across a better deal and would like to exchange the single family house for this new property as soon as possible.

Can I complete another 1031 exchange even though my holding period for the single family home is just a few months? Would the IRS consider this to be house flipping and thus not valid?

Thanks for any help.