I had this strategy to live in a house, for about >5 years, till I am able to get a mortgage for another primary residency , bounce, and collect rent from the 1st house and rinse and repeat, essentially.  

The IRS looks at the substance and would ask "do you exercise the power of officer or director"; if one exercises such power, they are an "officer or director", regardless of what the paperwork says.That this is "just in the House and has not passed yet" is no reason for complacency. 

And they dont want me to pay for the lawyer either, because they are possibly very wary that I might do something to steal their house, or they think that the money spent on a lawyer is money that they could get.So basically, is there a lawyer on here who can tell me the essentials of what a quitclaim deed is, who is the grantor and who is the grantee, if both people owned the house and one is just relinquishing rights in the property? 

If you also have a rental property where tenants are essentially paying down the mortgage, that can also help build equity and help you get ahead.

@Alethia Hines Also remember speed is essential.

Essentially, are 1031 Exchanges a 1 to 1 or can it be 1 to 2 if you meet the purchase price requirements for both properties? 

It's essentially an up/down that was already converted/turnkey.

Totally agree- mastering the use of your time is essential, but it's a game changer.

However, what you essentially have here is 5 homes that do not appreciate like SFHs since they are chattel (personal property), not real estate.

Essentially it will be bought unseen so I know the potential for big rehab cost is a real possibility.