Are you saying you would sell your KC buildings and 1031 exchange into a different metro?

This strategy works best if you can find a replacement property you want within the timeframe allotted and that meets the identification requirements of a 1031 exchange.

Our lender and real estate agent say that the goal is to have the seller cover closing costs.My thought with house hacking for 2 years until my husband is out of school is that it's better to pay a monthly mortgage (and have the second unit also contributing) to our equity that can be used in a 1031 exchange for a property wherever we may move to than to pay the same amount in rent to someone else.Thank you for the advice.

Hello Dwight I do have a lender, let’s connect and exchange details.

Rent strategy options I’m consideringMarket rent is $1,625 per the appraisal, though the broader market might support $1,750–$1,900.Option A - Gentle, phased increaseSmall bump ($50) with 60–90 days notice.Respects the tenant’s stability and avoids friction.Option B - “Value-for-Value” increaseOffer upgrades such as vinyl flooring (upstairs flooring is carpet)→ In exchange for a $100 increase.Still below market but mutually beneficial.Option C - Premium Renewalvinyl flooring, stainless appliances, and/or cosmetic improvements→ In exchange for a $150 increase.Right at average market value, mutually beneficial.5.

Paired with a 1031 exchange, they offer the same tax deferral benefits as other replacement properties.

I’m excited to connect with other investors in the area, learn about the local market, and exchange ideas and experiences with like-minded professionals.I’m looking forward to learning from the community, discussing strategies, and gaining a better understanding of investing in Ohio.Thank you, and I’m excited to participate and contribute!

I look forward to exchanging ideas and experiences with anyone in the community who shares similar interests! 

One year we sold two building built in 1890, and exchanged for two building built over a century later. 

@Lisa Lucero, what you are referring to is what we call a diversification exchange, when you sell one investment property and 1031 exchange into multiple smaller investment properties.