In my example, you are insured to replace the HIGHER quality product what was in the house before it was damaged.

Then once they have their team in place small multifamily tends to go more smoothly than if you jump right in and try to acquire a lot quickly right away. 

My goal is to acquire a primary residence ideally before the end of 2024.

Private money Broker : Acquire REI Capital, LLC

Renting to your mother would make it an investment property and eligible for a 1031 exchange.There is no statutory requirement for income production to make a property eligible for a 1031 exchange.  

I’m looking to acquire there as well.

So, if you acquire the property and hold it for at least a year, then title insurance will be available when you dispose of it.

Just have to run your number on the market and the product type (i.e. small houses versus big houses, etc).

From helping a widowed mother get a fresh start for her and her kids, to the MILLIONS of dollars in assistance we acquired for residents to stay current during covid...

Better quality product, better installation, and making relationships is invaluable if you plan to scale.