Unfortunately this looks like more bad news for landlords in LA as this looks like this gives the mayor further authority to restrict evictions.  

Constitution, and the Massachusetts Declaration of Rights.

If the borrower declares bankruptcy, there's another set of challenges where you, and your attorney need to be on top of your game, or you'll have your lien reduced, severely reduced, or wiped out.   

@Dave FosterI assume OP’s parents have to declared the rent, written off expenses and taken depreciation (treated the property as a real rental.) to qualify for the 1031?

Please add more specifics for more specific helpful advice.i.e. goals (short term/long term, capital accumulation, more immediate cashflow, etc), do you need to rely on rental income or is your current income stable, etc.Otherwise, it's kinda like going to a personal trainer and saying "how do I get in shape", only for them to help you look like Arnold Schwarzenegger (30 yrs ago), when you really wanted to train to be a professional swimmer. ...muscle density sinks, by the way

My signature below also declares I have received the Option Deposit money. ______________________________________________/______________ (Seller) Date ______________________________________________/______________and/or Assigns (Buyer) Date

You are basically declaring occupancy that means primary use is a personal residence.

And thank you to @Scott Trench for providing the muscle.

And for what they are declaring to be effective, that means over-taking the MLS in various areas.

I'm trying to get back to my roots but not look at it from just muscling my way to frugality but from a minimalist lens where I really do not need much stuff to have a wonderful life.