However, there are specific rules and requirements that must be followed to qualify for this tax deferral.In the situation you've described, your client wants to use a 1031 exchange to buy his mother's land.

This will enable you to more efficiently monitor any financial activity linked to your house hack.Create forms for a rental agreement that spells out the terms and conditions of the renting.

We eventually worked our way off of government assistance and we are doing very well financially.

I wanted to get into MultiFamily investing more than anything to be able to quit my 9-5 and start my journey to Financial Freedom.

You asked for advice and because you got an answer from someone who did not fully understand your situation, you calling it nonsense. if you don't want any nonsense, then deal with selling your stuff offline so that no one can give you nonsense answers.

Im always left wondering why agents dont offer guidance in complicated situations.

It depends on your tax situation, and here's a detailed explanation:  https://www.biggerpockets.com/forums/51-tax-legal-issues-con... 

I'll double down on talking to a CPA because this is absolutely a situation where if you're strategic it'll make a world of difference. 

NathanHey Nathan,A lot of the private/Hard money lenders that I work with do not require that, so depending on your strategy it shouldn't be an issue.That sounds like great idea though, it could set you up nicely to hopefully save up for a good primary residence.Would love to connect and talk through the strategies financially if you are interested!

A simple LLC should work fine for your purposes (based on your post, I'm not aware of your situation entirely)