Require blinds are opened and furniture is away from walls to help with circulation. 4.

Is this the only qualifier that stands in the way between the two 1040 options?

But sometimes that isn't an option. 

So I thought to offer the option of "I will carry the remaining $10k and work out terms favorable to both of us."

Hi Cody- I am a lender located in Dallas and have several options for your scenario.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

A couple of options exist.  

The FHA 203k loan is a great option!

Kayla - At Stevo mentioned you definitely have some options.

If you have previously treated this property as an investment property, one option you have is to move out of this property, move into a different property you own (or into a rental), and then do a 1031 exchange.