Refi or Sell? How to transition to next property?

[Marc Sementa]

Hi BP-

Thank you to those who take the time to respond.

I own a sfr with my parents that I’ve lived in for over 1 year. All three of us are on title and mortgage.

In a perfect world I’d like to rent the sfr and move to a multi unit and purchase with an owner occupied low money down note.

Here are some things that are complicating the mission that I’d like clarity on:

-My parents want nothing to do with rental real estate and want off the note if I rent. Will I be able to qualify for the next mortgage if I refi the first and put it all in my name (Income wise. The sfr would be deeded up to an LLC and show rental income to help qualify so it should be a wash but I'm not sure)? Will there be an issue with getting two mortgages so close in time?

-Can I 1031 if I sell the current property to buy the multi unit or no because my parents would still need to be on title?

Where should I focus my attention? I don’t want to talk to the lender and have my note called due nor spend the money to refi then not be able to get the next mortgage.

My gut is telling me I’m trying to have my cake and eat it too and I have to sell but I wanted to see if any more seasoned ears have an opinion. Thank you.