Don't over complicate it.

this is really just such a complicated issue when it comes down to it.

@Colin Williams owner carry financing in a 1031 exchange gets complicated.

They are a bit more complicated and you will need to make sure your title company is okay with doing it.

These corporate formalities are sometimes listed in an LLC Agreement, and almost always a requirement of any lender who is lending to the LLC.Liability can be further complicated if the lender requires one or more member to provide a full guarantee or a bad-boy guarantee. 

My situation is a bit complicated as I am building cash flow for both myself and my mom who is already retired.

Basically, that's the most accurate number that I've seen without a more complicated number(crime is almost irrelevant).Eg: in Cleveland/Columbus it's about $70-75K ppu with $1100-$1200 rent.

My goal is actually to buy it using as much equity in my complicated property that only the local credit union will lend on so that I have my equity in this simply SFH instead which will make it more liquid / accessible.  

These laws get pretty complicated and i'm not trying to cheat the system, but I feel like it's possibly a loophole and I was wondering if anyone knows anything about residency and how it would work in my situation.

The one I use right now is a little complicated, I'm just wasting my time configuring and setting it up.