Rent Section 1031 Exchanged Property to Self
I have read that if you charge reasonable rental and treat the tenant as you would any other tenant, you can possibly rent a property you exchanged into to a relative. Could you rent the property to yourself? I have someone asking me that question, and I haven't been able to find an answer. I know about loss limitations on self-rental, and I know the intent is that the new property is supposed to be an investment property, but I don't know if the self-rental is strictly forbidden and would void the 1031 exchange. Could it still be called an investment property if you are renting it to yourself?