Also I noticed you do 1031 exchanges for NC is that correct?

I'd also like to catch the market in the fall/winter as it seems like sometimes the market isn't quite as hot and it might be easier to grab deals then -not sure if this is a correct assumption?

Any advice on how to reply?

If I understand it correctly, she will have to pay taxes on the selling price minus the purchase price, cost of any improvements, and 500k federal exemption.Are there any other strategies which could be employed to reduce the tax burden?

Dick, that would mean that I would have to buy it outright, correct?

Thanks for the replies @Josh Stack, @Billy SmithI will proceed with requiring a co-signer per applicant. 

If I understand correctly.

You guys are absolutely correct...Im in NY now doing well but want to look for places with better numbers.

I’m asking given that this is a 4-plex property and I’m assuming it’ll be bought with residential financing (correct me if I’m wrong!).

@Aaron Klatt is correct.