My preference will be to find an off market deal, rehab project and explore creative finance to make a deal.  

If you owe too much when you pay your taxes in April, you will have penalties in addition to the tax.

I haven't even begun to explore the condition of the property. 

I can qualify for traditional bank loan 20% down but I’m exploring making two offers of traditional and seller finance. 

We were exploring taking out a primary mortgage on their home to take out 350k in cash at about a 6% interest rate, and I take out a loan from them at an equal rate or slightly higher (maybe 6.5%).

Also make sure the buyer lists your mom as a lender on the property insurance policy, NOT as an additional insured party.

When you do a 1031 exchange you carry whatever basis you have left in the building you haven’t depreciated and add it to the amount MORE the new building is worth.

Additionally the south side of columbus (southern orchards, merion village, olde towne east, franklin park) all have great macro stats, and density due to its proximity to the urban core in columbus.

I'm familiar with the Texas lease and it still has holes that need to be filled with additional documents or solid policies and procedures.

Most barely have enough for a standard down payment so an additional 100K gap is often a deal breaker.