That would make those properties eligible for her to do a 1031 on her sale to you unless your contact/agreement with her is such that it rises to the level of a land/contract or installment sale where the benefits and burdens of ownership have passed to you to the extent that the IRS now views you as the owner even though not on deed. 

GETTING HELP NOWNYTimes - Money MattersUnemployment - law expires 12/31States can access when they have 10% rise in unemploymentUnemployment is typically 45% of lost incomeMost states pay 26 weeksDon’t have to lose your job, can get it if: you are quarantined, furloughedGetting unemploymentHave to have been at job for 30+ daysEligible for 2 weeks paid if ill or quarantined or caring for sick family memberPart time workers can get average of normal 2 week salarySelf-employed (gig workers, etc) must calculate daily average and claim as tax creditWho is exempt:People that work at companies that employ 500+ peopleCompanies with fewer than 50 people can ask for an exemptionEvictions + ForeclosuresMoratorium right now on bothSuspended for 60 daysThis includes foreclosures that are in processTaxesCan hold off on paying (without penalty) until July 15th if:You owe less than $1 million to the federal governmentIf you are getting a refund, it will come in a normal time frameMortgagesFind out who owns your mortgage + what programs are availableRequest Assistance (Fannie Mae)Small Business ReliefSBA Economic Injury Disaster LoansSmall business loans up to $2mil3.75% int rate for businesses | 2.75% for nonprofitsDenver Small Business ReliefDENVER RE TRENDS - please note you should watch Seattle, as what happens there will likely come to Denver and Colorado SpringsPulled data for detached/attached homes within 6 miles of a client property in Sloans Lake$350-$500KMore properties went under contract in past 5 days than in two other 5 day increments we recorded (11-15, and 16-20 days out)35 of those were on the MLS for 6 or fewer days$500-$700KSimilar to above, 5 days out is beating number of houses that went under contract 11-15 days out and almost the same as 16-20 days outCitywide: 2.4 homes were falling out of contract/day in March. 5.8 for Feb. 2.7 for Jan. $800-$1.2Mdown from 5 day increments before, but not significantly and a small data set

Perhaps that's the current number, however a $160k home will very likely have considerably higher taxes.2.

You should expect to see your assessed value rise to your purchase price.

Do you see that market still prime for flipping outside the slightly rising prices? 

Phoenix could see a large drop in demand while still having it outstrip supply considerably.

So even with those considerations, we decided to not renew.Now I understand she is older and has health issues and amidst all that is going on with COVID19, caution should be taken. 

Sometimes I get scared because investing in real estate sounds like a huge investment due to the fact that we’re talking about a considerable amount of money.

Did you hear that rates are rising right now?

I will take that into great consideration along with understanding that realtors have a financial motive to get a client into a house, that said I don’t plan on allowing this pandemic to postpone beginning my investing career.