It's not impossible to do a 1031 exchange out of a property while carrying back a note, but it's complicated enough -- if you're going to make the deal attractive to him, find out if he plans on looking at a 1031 and come prepared with information to help him navigate the hurdles that come with the seller financing. 

I believe that it has to be OO for 12 months, barring extraordinary circumstances, like getting transferred out of the area for work.FHA has a whole department dedicated to "occupancy fraud" and given that it's a felony, I'd steer very clear from it.

I’ve been in the same boat of trying to navigate all these steps and wanting to self-manage from outside of Philadelphia.

It will help us assess where the "bar" is in terms of competition and what consumers are looking for on the platform.

Today, consumers continue to face uphill battles in securing affordable housing and navigating the complexities of mortgage lending.

My plan is to self-manage the property and rent it out by the room, and I believe your expertise could provide invaluable insights to help me navigate this venture successfully.Specifically, I'm seeking advice on the following areas:Property Management Software: I'd appreciate recommendations for property management software that would streamline my operations and help me stay organized.Bookkeeping: Could you provide guidance on best practices for bookkeeping in rental property management?

Considering your situation and goals, here are some insights to help you navigate your options:1.

I can navigate you over the hundreds of mistakes Ive made.Stay at it and good luck! 

How do others navigate such requirements.

Remain adaptable­, continuously educating yourself on evolving strate­gies to navigate market shifts.Good luck!