One two or three replacements that are of sufficient value that both he and you can go on title as tenants in common and the 1031 still be satisfied (if he sells for $300K then he needs to take title to 300K. 

What you want to do is commonly referred to on this site as "house hacking". 

In the Bay Area for context, dual income $300K+ is pretty darn common.

Chris,My pleasure to help1TIC (Tenancy In Common) is a type of business structure where the investment is co-owned by a several partners as if each owns a separate piece of investment that can be bought or sold on its own.

(common in Maine - don't know about Kansas - but an experienced agent would!)

Unlike common misconceptions, passive investors are not laying by the beach, drinking margaritas, and enjoying the sun.

It's an exciting time to be starting out in the investment world, but there are many pitfalls that new investors can encounter. 

@Jeffrey Ward This is a fairly common conversation among Baltimore real estate investors and if you search in the archives you will find more versions of this conversation.I can only speak from my experience, which I would say has been moderately successful.

(I know 'best' is subjective but I want to hear everyone's thoughts and why they like their strategy & believe their strategy is the recommended for the long run.)So far the most common one I know is to focus on sing family house, pay 20% down, and rent it out, and do it over and over again.

Tenants in common and joint venture.