The penalty for this extends all the way from massive fines to jail time.

I certainly understand that the IRS is extending the deadline essentially softening the blow but it is my opinion that once the tax season is mostly over which will likely start to coincide with many foreberances expiring we will see quite an uptick in supply...

I would like to purchase a house to live in for the 1-2 years while I am there (renting other rooms out to my buddies at the same duty station), and then rent out the entire house through the duration of the rest of my career.

My thoughts are the moratorium will likely be extended again, and a deal is a deal.

Now it has been extended until July 2021.  

And the client is the one who pays the price because your 1031 will not be extended just because your builder over promised and under delivered. 

The final loan amount went down to $78k.Rate lock extended from 30 to 50 days.Credit score did not changeLTV of 75% did not changeWould any of these events trigger an increase in the loan points charged? 

With that, they have already declared that they will not be extending the contract to accommodate the lengthy appraisal timeline.To get the property, here is what I am considering:Step 1) Mom (she's a realtor) sends me a large gift.Step 2) I use this money to buy the home in cash.Step 3) I sell the house to my Mom for $1.Step 4) I buy back the house from my Mom, via mortgage, for the same amount as the large gift.Is this a reasonable strategy to acquire this property?

That order was extended until July 2022 and most believe it will be made permanent. 

Now that the moratorium has been extended until June,(thanks Joe) we anticipate tenant may get yet another adjournment.