I’ve searched this on google and I could not find any official answers so I came here in hope of insight.

Thanks for any insight you may have.

So my grandmother is 80 years old and just stopped working officially last week.She owns a home and stills pays a mortgage on the property and since shes no longer working,does not have the means to pay her mortgage any more.I currently live with her and told her i wouldnt mind paying the full mortgage costs and all the bills that entail in owning a home but i would like to be a co-owner and when she passes the sole owner of the property.The house has been appraised at around 400 thousand and she owes currently about 225 thousand.I wanna know what options i have that maybe i havent heard of or seen,any insight or ideas are greatly appreciated.Thanks in advance,Alex.

I responded back that that was an unacceptable response and I am expecting to receive the difference in a check and a new settlement statement.All of my exchanges with the property management company are in email written form. 

In an ideal world, we could 'expense' the reno cost on the new home from the rental income from our old home.Any insight would be greatly appreciated!

Unless that's something you have agreed upon, like they help you out in exchange for you doing lots of deals with them, then I would just simply say you need it done in 6 months or less.

Any advice/insight into Harrisonburg would be appreciated.

Thanks in advance for any help or insight you can provide!

@Melissa Kirchhoff thanks for that insightful post

What do you know about the 1031 exchange?