If I'm not able to help, maybe I can guide you in the right direction

You're not able to 1031 exchange a primary residence :)Hope your parents enjoy the downsize and their equity!!

I am also not able to do everything at once (money, don't want to take on a loan at this point, as I don't have to, I cannot rent this unit out before 2 years has passed anyway), so I suppose that is not a challenge.

Initially, the desire to create this came from my mom having a car accident and thinking, "man, what would have happened if she was not able to get around".

They told me I was not able to deduct the 3 or 4 months of interest I paid on the investment property loan while I was holding it.Made no sense why I couldn't.

I worked with one agent for a while, but we were not able to find any deal and she had some personal reasons why she could not continue to work with me.

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I am using the app and not able to look up the cases but in 2011 the state of Florida handcuffed all municipalities in allowing any of them to restrict the right of home owners to rent their property for any length of time. 

If you are not able to perform then, per your partnership agreement, the entity could “fire” you and perhaps pay you a finder fee of some sort (or nothing since you’d likely be leaving him with a busted flip).If the deal goes as planned, you would split any profit from the sale 50/50.On the other hand, your partner could fund the purchase to you as a private loan using professionally prepared loan documents obtained from a lending attorney.

You will likely be notably cash flow negative on this deal unless you plan to put a significant down payment on this house.