Buy and Hold or 1031 into larger building
I have some properties in an average neighborhood that i developed into large apartments some with five, six or even seven bedrooms . Some are rented by the room so the work involved is becoming too much. I am a buy and hold investor and undestand the long term benefits. I don't want to look back and say damn i wish i never sold anything.
My questions is If i sold all these properties and done a 1031 into a single building of approximately the same total value in a nicer area would that make sense? It would be far far easier to manage.