This is a fine needle to thread because at this size, you very quickly start competing with high net worth individuals who are seeking summer homes. 

Many lenders won't allow you to sell or refinance the properties individually if you have these on a blanket mortgage.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save? 

Wrongfully terminating individuals not only disrupts their lives and livelihoods but also reflects a lack of respect for their rights as employees.

RISKSPrivate Letter Rulings There are three (3) Private Letter Rulings (“PLRs”) that address this 1031 Exchange structure, which are as follows: Private Letter Ruling Number 2014-08019Private Letter Ruling Number 2003-29021Private Letter Ruling Number 2002-51008PLRs can only be relied upon by the individual taxpayers that requested the PLRs.

I am a highly motivated individual, however, and I'm dedicated to getting into real estate investing.  

Without giving the individual's name, even though once it is filed it is public information, could you post the specifics they are alleging or the case number?

I don't understand if I count since I'm living in the property or if it's only the tenants that count towards the limit of individuals that are unrelated living together.

Quote from @John Friendas: Hey,My investing partner and I have reached an agreement where he would have the debt under his name and apply for it individually, and I would do the majority of the management (he is out of state and my income is half his).

Quote from @Amol Kulkarni: Any individual PM (not associated with companies) who can handle 3 doors in Jax and Citrus Springs, fL I own a lot of properties in Jax and have a management company.