Or sell using the 1031 exchange along with a partial 121 primary residence exemption There is a way you could take advantage of the 121 primary residence exclusion allowing you to take the first $250k of the gain tax free ($500k if married) and qualify for a 1031 exchange.Say you purchase a property as your primary residence (house hack extra rooms for extra income) and lived there for two years while stationed there.

Feel free to DM if you need anything around here.  

I wanted to help them out and minimize their loss and saw an opportunity to get a property slightly below market because of my commission savings, immediate mortgage and maintenance relief, in addition to keeping a lower short term interest rate How did you find this deal and how did you negotiate it?

My partner is a builder in the LA area, so if anyone is interested in taking advantage of SB-9 to build additional units on their property, feel free to reach out anytimeSounds great, Alan!

If you have any more questions, I'd be happy to schedule a call, feel free to DM me.

Feel Free to send me a DM. 

Good luck, and feel free to reach out if you ever want to brainstorm strategies!

In short, the current PM ended up not having a valid broker's license to be operating as a property manager in the first place, so that's on me for not verifying ahead of time. 

My question is can we create a LLC for her and Dscr refinance our current property into it to free up my dti?

Hey @Antoine C. shoot me a dm and I will send you our free guide to Memphis zip codes, it will help you begin your search!