Anyone in NWA looking to house hack a 4plex?

You could also consider an open house showing. 2-3 hours on a weekend may allow a number of the people who have called and are interested in the property, to come in and all have a look as their time allows.

This would update the house and consolidation our loans, but we are trying to get out of the middle class trap so we want to purchase our next rental property.

We would take this house in return for a 500k property that is NNN leased.  

These are typically ownership groups, not single owner.  

IE  someone sold there house in Minneapolis to move to LA but the house they are in contract to buy just got destroyed ?

The Phoenix real estate market continues to evolve, offering both exciting opportunities and unique challenges for house flippers.

How does he know what we are doing the house?

I plan to purchase a primary residence, multi-family home (2-5 units, 'house-hack'). 

I would tell you to do one of the following:  (i) each spouse form his/her own single member LLC and the two LLCs can own the replacement property as 50/50 co-owners, and you and your spouse would then continue to report ownership of the replacement property on your joint 1040; or (ii) acquire the replacement property in a single member LLC owned 100% by you or your spouse.