1031 Exchange with Parents

[Calvin Chan]

Hey BP community, 

I have a question regarding a 1031 exchange with my parents. They want to sell an investment property and use the 1031 exchange proceeds to help with putting a down payment on a house for my family. We will be living in the house and will be paying rent to accommodate the 1031 exchange.  I read that I can be on the title and the home loan with my parents, but am getting conflicting answers from my lender. So my questions are as follows.

- Can I be on the title of the home with my parents and pay them rent? 

- Can I be on the home loan for the house with my parents?

- If I can be on the title, but not the loan how long does the property need to be a rental property before we can refinance and I can be on the home loan?