But in the meantime you could move into your new primary residence converting it from your 1031 replacement from the sale of your current investment.

My father didn’t have a will, which has complicated everything, including forcing the sale of property.

The city is growing and the macroeconomics is great - lots of job growth and population growth and major tech companies moving out here and developing like Intel, Google, Amazon, Meta, etc.

Hello Chris, I did get others that were in the area but I put the house up for sale 😕 due to this problem. 

The transaction allows investors to increase the liquidity and diversification of their real estate investments while deferring costly capital gains and depreciation recapture taxes that may result from the sale of a property.Benefits: REITs also can provide the same ongoing benefits of real estate ownership including income, depreciation tax shelter, principal pay down, and appreciation.

He has proposed to pay me a certain amount towards the sale of my property until my death.

FHA is currently streamlining everyone through short sales.

Passive losses can only offset passive income or gain on sale from a passive activity.

Made 260K from sale of first house in Seattle after 4 years, then did an off-market deal with a friend to buy current house and now our equity in this third primary residence is ~500k. 

The more complicated your business structure becomes, the more problems it can actually cause such as when looking for lending options, getting the best interest rate, keeping clean accounting, filing taxes, opening bank accounts, getting credit cards, executing a 1031, making title insurance claims or even triggering a due on sale clause, etc.