They must at least use the AFR ( applicable federal rate).

The realtor must have just figured out Snapchat filters judging by the quality. 

So much good buzz about this podcast I must search it out for myself. 

You MUST have someone else handling the money in order to pull this off.Some other important things to know, just right off the bat:Your QI needs to be in place before you sell.1031s are ONLY for investment property.

Keep in mind that others may tell you what to do and how to do it, but you MUST cater it to your situation and your goals.  

Is there a specific time period I must remain as a tenant?   

Smart investors must work around rules and take risks to survive. 

Most investor's I work with in looking at a newly created note: would like to see more note seasoning of at least 3 payments made, a higher down payment of at least 10%, and the property value must be at the sale price or higher to make you a good offer on it.

I have spoke with realtors, investigated LCC creation, spoke with mortgage lenders, and visited potential homes. 

Keep in mind, the property must appraise for the sale price since the sister is getting the FHA loan.