You do have to purchase at least as much real estate as your net sale if you want to defer all tax.TICS are generally cash deals. 

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

So you wouldn’t get any depreciation on your new purchase assuming you only spent the $450k.

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

I don't know if this is for you, but my husband and I have mentored quite a few investors in Canada and helped them purchase their own multifamily. 

Purchase price: $900,000 Cash invested: $15,000 6BB/3.5Bath 4000sf on 3.4 acres near several wedding venues.

You don't have to split it up equally in between purchases. 

Will you continue to buy in that neighborhood with your next purchase @Teslim Salami?

Has anyone made a purchase on MKE yet since this chat or purchased through ACE?

If your mother does not want to carry the note long term, there are GSE renovation loans that can be used for both purchase, rehab, and permanent financing all in one loan.