By way of example, let's say that we hypothetically have an offer with 350K down, 650K financed, which is 1031 money so that he must match what he previously owned.Our problem is that we don't want to receive the 350K in one tax year, we would like to spread it out over a few tax periods. 

The example we set as parents as we live our lives is the best aid we can impart.  

@Pete Budagher- listening to the podcasts is a great way to be exposed to different ways of investing in real estate, and can help you notice which strategy/niche you gravitate to.For example, after listening to many podcasts, reading a lot of books, I noticed that multi-family investing was my 'thing' and I now spend a lot of time on that (networking, learning, etc.).

For example if title was to a trustee of husband's trust; in that case, the property would be subject to the terms of the trust and be administered outside of probate in most cases.  

Take wholesaling for example...no one heard of it during it's most profitable years after the credit crisis. 

Then start fresh, too many unknowns and upgrades would be needed in my opinion.

- for example, would putting 20% down allow me to go ahead and rent out that property?

I took the 63,240subtracted 9K depreciationsubtracted 20K purchase and sale feesadded cash of 28Kadded the 262K and 230K mortgages after down payment.Per this example: https://apiexchange.com/replacement-property-calculation/Taxpayer exchanges a relinquished property with a value of $1,000,000, mortgage of $500,000 and a basis of $500,000 for a replacement property with a value of $1,500,000, a mortgage of $900,000 and the taxpayer adds cash of $100,000.

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

So in this case for example, to get all your $30k back, the ARV would have needed to be $140k+, or, the purchase and rehab shouldn't exceed $70k.