Status quo and anyone born after 2008 will not be buying a home until they are in their 40's if they are lucky and we will have a generation of renters or kids whose parents passed down a lot of $ to them.Which one do you think will happen?

@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).

.) • Give/donate each away-----I expect many here have already been through similar dilemmas and interested in experiences, lessons learned.

I'm currently with an investment brokerage but my end goal is to be an investor and feel the big shoes my parents are leaving me with! 

The good thing about this is you can do a parent listing offering the whole place, as well as 2 other listings for each unit. 

Here is a comprehensive guide to help out-of-town parents navigate the process effectively.1.

Also, if your wife and her parents were the real estate investors first, why aren't they weighing in? 

Only reason is I know I’ll get it back and I don’t need it right now because I’m living with my parents.

Maybe your parent can help you as a co-signer. 

If I wasnt going to be doing this I would just be saving more money and staying for free with my parents.