Then, at any time before the exchanger is ready to purchase their replacement property, they either sell the note to a different buyer or they "buy" the note themselves from the exchange account. 

SF detached in Raleigh HOA, we've owned 15+ years with minimal HOA issues, the occasional "needs pressure washing."  Now new HOA management is issuing violations, saying No Commercial Vehicles allowed.  Our 2005 versi...

Totally different problem.

What I know about this house is that there should be no mortgage (messaged realtor to verify), last sold for $60k in 2004.Rent in my area; $1,200 is usually pushing it but doable.https://www.realtor.com/realestateandhomes-detail/200-Walnut...At the end of the day, I love the idea of seller financing but I have many more questions when it comes to different types of properties that might be mortgaged and how does one pay the monthly payments on top of paying the equity to the seller at the same time.

In my opinion, good partnerships always have a "trust but verify" component, and this is no different with Travis & Nader.

Why not sell, since you have a primary exemption for cap gains, and buy a MFH in the city you like? 

Hey Malik, Theresa is right, if you're not purchasing the property as a primary residence, you will need to put at least 20% down on an investment. 

Mixed-use developments and spaces that can easily transition between commercial, residential, and retail uses are gaining traction.Key Takeaways:Design spaces with adaptability in mind to accommodate different tenants and uses.Consider mixed-use developments to diversify income streams and reduce vacancy risks.Strengthening Tenant RelationshipsBuilding strong relationships with tenants can lead to higher retention rates and stable income.

@Dave Allen  I don't know if any lenders can comment, they may suggest a different type of loan but if you are half owners  I would think you would split the income but if you were living there I see why you did it the way you did.

I guess what I'm getting at is it seems like our options are either bite the bullet in our next primary residence where we are currently located, understanding the future opportunity to rent for cash flow looks pretty bleak, or look in other states where we would have more buying power and try to find a duplex or sfh that will cash flow off the bat.