Selling a primary residence and then buying it back as part of a 1031 exchange could raise red flags with the IRS.Your parents have a valuable opportunity to defer a significant amount of taxes by utilizing the $500,000 exclusion on their primary residence.

The credit cards can be stifling, but in the grand scheme of things, $40K isn't a ridiculous amount.

Quote from @V.G Jason: The amount of folks struggling right now is insanely high.

The first thing you notice is the amount of natural light!

If you're going to put the purchase price of the home in an escrow account you would still be using the same amount of capital. 

It will be an uphill battle to find a lender willing to lend on a low loan amount.

I got a renewal bill for insurance and it is a little over double the amount i paid last year.

I work with several real estate developers across the country and they all do it differently.My suggestion is to find a property type and an area/neighborhood/city/market that you are drawn to and plot your course from there.As for the amount of money you'll need, it's gonna be mostly driven off the purchase price of the property.

Construction loans have a fair amount of fees involved.

I am set to close on it in about two weeks and am slightly nervous about finding a tenant in a good amount of time, given that there are a lot of similar new constructions in the same community that are up for rent but have been sitting on the market for 30-70+ days.