This type of loan is based on the property's income, not your personal finances, which makes it perfect for investors like us.

I have a contract and need a title company to complete the transfer in King County.

(And best case it was a rental for 17 years then a primary for 3, making only 15% possibly eligible.)Personally, if you and he are both 100% sure of the facts I would first reach out to a qualified intermediary (a person who handles 1031’s).

A developer would be a good person to talk to as well if you can find one.

Your personal assets are protected with a viel, which can be pierced under certain circumstances.

However, it is mostly geared toward a person who has a W-2 job themselves, which is not the case for me, so there are some applications that I am finding confusing. 

The rationale being you are reducing your personal housing costs as the rented unit will be covering some of the costs. 

The exact definition varies from person to person, but I mainly consider them <$40k reno and hitting those items.

Personally, I'd do it.

A great way to meet people in your local community is to attend in person meet ups.