But I don't know what would be a better option with the money.Option 1: Build a Garage with a 2BR apartment on my primary residence property.

I currently do not own a home and rent myself so I see the benefits of locally purchasing a multifamily unit to use as my primary residence and REI.

I was also going to ask my bank about adding another checking account (a sub account to my primary) that carries no fees. 

The amount of time it will take me to save a 20% down payment even on a moderately priced property is much greater than the amount of time it takes me to save 5%.Just as an example, I am in the process of buying a primary residence for $265,000.

In April due to life circumstance I bought out my last remaining partner and now am a 100% shareholder but am in the process of dissolving the LLC and doing a quit claim deed to transfer title to my name.Question # 1 does a quit claim deed from a LLC to a personal holder of title affect the 1031 if it is done prior to closing (even though the quit claim deed was filed during escrow)I am trying to purchase a property with the "intent as a rental" though (in over 2 years) we may choose to do a "conversion" into a primary residence and definitely plan to keep the new property longer than 5 years.Question # 2 does the new 2018 tax law have any bearings on this plan.  

BPers,We have traditionally done a good job of staying on budget and on time with our flips, but our last couple of projects have definitely pushed us to a point where we need to implement some new strategies to improve our model.

Seller will carry the note. 4.5% on a 20 year amortization with a 5 year balloon, at which point I should have at least 20% equity and can seek traditional financing.

Also what is becoming of your current primary residence, if you own it; it could be turned into a rental. 

(home is about 15 mins from my primary residence).

I’ve lived in the Washington, DC area my entire life, and in 2016 purchased my first primary residence in the Northwest quadrant of the city.