But, something to add that you have to understand is that a 3-4 unit has to be meet the FHA self sufficiency test.

I don't think you qualify for a 1031. owning a property your mother lives in doesn't seem to meet the held for investment test necessary. 

We have one of our properties for rent and are accepting applications.

@Kristjan Meitz would definitely target a 2-4 unit if possible.Challenge will be finding one at a price you can afford and that's in a decent area.Once she's accepted somewhere, check to see if the school has a placement assistance office.

I’m trying to work with a seller who deals in off-market properties, but they only accept cash or an “unrestricted line of credit” for payment.I have about $200k in liquid funds and want to invest it all, but I'm running into challenges with payment methods.

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.

If they do not accept it, I'm going to call you at the number below your bio 🤗

Then, you decide whether to accept that risk and how to mitigate it.Their credit scores are in the tank.

I recently accepted a prospective tenants application for one of my rentals.

Hi Marc -It is generally acceptable to summarize your activities in your log.