The areas you mentioned having interest in definitely have some two unit properties, but not  a lot so I suggest having your financing and analysis ready to go so that you can pull the trigger when you find one that fits your criteria.

@mike lightcap I would figure how long you think the max she's gonna stick around for, calculate the rent/taxes/interest/insurance/ etc for that period, back it out of the amount you want to buy it for, and make them that offer and let her live there indefinitely.

We are looking to move there for an indefinite amount of time.

However, you can legally keep executing 1031s forever, thereby deferring taxation indefinitely.

If you then go make other investments at current high market prices, you have greatly increased your exposure to a downturn.Of course, it's possible this bull market in property continues indefinitely.

I've only done commercial RE renos with a 'plugged-in' architect and 'connected' expeditors.Even though it's under the clean image of Fulop, the muscle memory and the seedy institutions that make it the most corrupt city in the history of the United States live on indefinitely.  

Not surprising the landlord is going to say you are on the hook indefinitely doesn't mean it is true.

The exchange defers all capital gains taxes (perhaps indefinitely) and allows you to invest all of your sale proceeds into a replacement property.  

Given DFW's strong economy and population/job growth, I expect the market will continue to be strong through 2017 (at least), but the marginal rate of growth can't continue at the current pace indefinitely, esp. since we're not at all landlocked and have plenty of room to grow in all directions.I like wholesaling in DFW, but prefer investing in tertiary markets that are less competitive and cash flow better.

If you could cash flow 10% from that deal and make 6% returns off my money with me putting up all the risk for an indefinite amount of times and an indefinite amount of cash flow would you say no?