The bank we have used for the purchase of all of our properties and multi-families is a commercial lender willing to lend the money for this property, so we will not be using any HUD resource.  

- What books , resources would you recommend I read up on as a first time landlord? 

Hi @John Rossi, Tax advisors generally allocate the deferred capital gain and depreciation recapture between the three (3) replacement properties acquired on a prorata basis. 

They are great at illustrating where your money goes and what affect it has when you allocate some extra payments to this or that debt.

I appreciate the reply and the resources you sent me to.  

I could use help with PM if you're interested, or happy to just serve as a resource or sounding board as you forge your path -- feel free to reach out. 

Hey @Bradley Payne, there are a ton of resources in this forum.

I don't have the resources to buy and rehab this, but I really don't want to wait until I do.

I am considering putting a kitchen in the garage apartment, but need to know who to speak to if this is even allowed or not.Any and all advice or resources for me to reach out to would be greatly appreciated!

But in general any type and number of investment real estate.One strategy that might benefit them is to take the proceeds and allocate them in the 1031 where they buy a number of replacements for cash.