But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!

@Jon D. some questions, the answers may help you better focus.1) Why did you pay your primary mortgage off in the first place?

I guess the different strategies FOR ME would be.A- Find a lender that would actually do the refi and pay the tax.B- Sell a property and use those funds to lend as they would go back to the IRA. 

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

Doing this will indefinitely defer paying tax on profit or depreciation recapture. 

@Chris Magistrado if she knows what she's doing and consistently keeps a sharp eye on what's going on it's possible.Should have local "inspector" that can verify what's done and how well, before paying contractors.

The ONLY exception is that a landlord may charge two months' rent if the tenant qualifies for utility assistance, the lease requires the tenant to pay utilities directly to the landlord, and the tenant and landlord agree in writing.

I think partially because a lot of folks don’t even check it.If you’re interested in getting more off market deals I would suggest starting relationships with brokers that sell the types of properties you’re interested in.

Stessa is getting ready to move from $20 per month to $35 per month unless you pay annually.

So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also.