Another thing is not to rush I was in a rush to jump into RE but I'm glad I did it's all a learning process on what not to do for next one. 

Us: We want to buy the property, fix up the (3) apartments not occupied by her parents to generate rental income.QuestionsMy thoughts are to work out a deal where we purchase the property from her parents without taking a loan from bank.

@Kristian Forbes Short of doing another house hack or negotiating the purchase price down a fair amount, I think that's going to be a tough one to make the numbers work.

It showed me the significance of developing systems and processes that propelled my different ventures.Another book that struck a chord is Can't Hurt Meby David Goggins.

I am in the same boat of either 1031 exchange or refi some of my small multi's to purchase a larger complex.

I would caution you with searching for lenders as those that don't follow a draw process or will lend on anything may not actually be a lender and trying to scam you.

The second is a rehab property that I purchased for myself, I purchased it out right for 100k.

(Which you could also then do with your new purchase in 2 years.

The seller purchased the property to do a favor for someone and the person died.

There are far too many regulations, the transaction is a much longer process, and we are talking about someone's biggest purchase.