You are doing the best thing for your family by starting now and investing in real estate. 

Hello Bigger Pockets family!

As you may already know, your funds are a simple interest loan secured by a single-family property. 

I live in San Diego North County and in my area, a single family starts at 350K and a multi-family starts at ~750K.

I would love to hear your experienced opinions on the deal before the attorney review period is over.It's a 2 family place and I would live in 1 of the units.  

I have 6 apartment complexes and 7 single family there. 

@Greg DowneyHow is a 2 unit property "not a multi-family property" particularly as it pertains to Fannie Mae?  

Our lots also represent 8 of the 12 such lots that are zoned for short-term rental within the larger single family home subdivision.

I'm well-studied in this space and grew up in a family who was used to renting properties, but haven't pulled the trigger on anything until now.

I know I can ask the 1031 exchange experts directly here through private messaging but I think this can be a helpful conversation for some other members in the forum.I have a business partner that we own a commercial real estate together 50/50 in Silicon Valley.And both of us have our own residential rentals.One of our conversation was to 1031 exchange our office condo to a multi-family 5+ property.