Once they exercise seller financing, the property is sold and all 1031 rules apply. 1031 has specific timelines.

From the beginning of the discussions though Buncombe County has said that the regulations will only apply to STR owners who apply for a permit after the application window closes, meaning that you should have nothing to worry about if you buy soon enough and then apply for the grandfathering during the window of opportunity.

@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

What you stated only applies to St Pete itself, and not unincorporated Pinellas county.

So, you say will I want to take some cash out using the 200k value but most programs will require you to wait some period of time from 3 months up to 12 months for conventional before you can use that 200k value to pull cash out.This seasoning does NOT apply to delayed financing as I mentioned in my post above.  

If more than one person applies together, then we combine their scores for a group average.

Hearings take place in the small claims court which is designed for non-attorney litigants and has relaxed procedures and rules of evidence. 

When they apply is when you should confirm their identity.  

This initial negative equity position consumes the initial cash flow.  2) the addition of the adu makes the property multi family and likely makes rent control apply.  

Our top return property is far better than our average return property.I do not get to make the rules (and there are many rules/regulations that I do not like), but the rules have not prevented me from making good profits in CA real estate.