With my in-laws living in Augusta,  I visit the area a few times a year, and it definitely seems like there’s some potential in the market.  

The real power of single family residential comes with stable, consistent markets that chug along, have good rental base/demand and growth potential. 

However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.

I would like to know if there are other like minded people that would like to meet up and discuss potential partnerships.

At that time we could renovate the ground floor apartment and potentially turn it into (2) apartments for a total of (5).My questions come down to how do we deal with the existing 40k mortgage, whether we can make it work so her parents aren't paying much in rent, if anything at all, and whether or not we set up any legal entity, like a trust to help the legal situation of paying off her sister down the road. 

I am moving out to the Destin/Fort Walton Beach area at the beginning of next year in January for work. My goal is to buy a house in the area and house hack the remaining rooms. I am hoping to connect with other like-...

Looking at 50% LTV currently.If your borrowing is TRULY at 50% LTV, a little creativity on your part should uncover potential lenders.  

Say, I have a potential client that has asked me to value a 7 unit apartment building.

Research the Market:It's essential to comprehend the local real estate market before you start flipping residences.

Do you have any specific data sources or tools you rely on for market research?