Optimally you also can get the children of the senior involved so nobody feels their parents were taken advantage of.  

@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).

I'm all over the place and overwhelmed AF as I also have a w2 and I'm a solo parent.

Quote from @Kaleb Garrett: In the town my parents live in (small town in East Tennessee) there is a small solar farm.

After it’s built borrow on full value and gift the parents back the land value?

My parents are considering coin-op units at their rentals and I would love to spare them some headache. 

One thing I will say there is a shortage of is properties that accept a pet (single pet, ie 1 dog)You will see a lot of manufactured housing on this corridor, but there are some older homes needing updates since the parent or grandparent had just passed (just toured a great one that sold for $219k in a week (cash) that was massive but my buyer was afraid of the work & it was easy fix and flip)As I mentioned below, I'm very curious to your style-what makes the right deal for you?

Quote from @Tekoa Da Silva: Quote from @Kevin Sobilo: @Tekoa Da Silva, I was a little kid back then BUT in the early 80s at about the age of 9 or 10 years old I wrote my first eviction letters using my Commodore 64 computer for my parent's who needed to evict both tenants in their up/down duplex.

I'm currently with an investment brokerage but my end goal is to be an investor and feel the big shoes my parents are leaving me with! 

So, we are required to file Form D with the SEC only once - for the "parent" LLC.