But I think if we were to move out and rent elsewhere, then rent this place out, our 25% portion of interest in the property would then be considered rental and if we were to go to sell later and attempt to tax-defer the gain (though it would be minimal), it would still have to be considered a 1031 rollover.How long do you have to rent out a 1031-exchanged property before you can convert it to a primary residence?

thanks to anyone that can help. i'm attempting to structure my 1st seller financed deal and present options, but i'm struggling with how to come up with the numbers. i'm looking at a property that is worth about 100k in its present date and needs about 60k of work. 

I’m attempting to determine if they (the buyer) are serous or not.

Best of luck on your endeavors. 

Even if you get the answers you're hoping for, what you're proposing is a complex endeavor that should be carefully thought through before you begin.

My mother in law currently has a tenant she is attempting to evict from her home...

This would be my first attempt to use it btw, but never the less I was considering on doing some real-estate investing in the Seattle area if possible with the cash out from my 1st property.Im open to suggestions, if the first scenario is doable before reaching out to different sources?

If you are capable of this exercise, then participating in syndicated private placements may be a good option for you.This is pretty much what I have been attempting to do thus far in my research.

In an attempt to get this debt down because we had goals on purchasing our first home (no more than $220k) within first few months of 2020.

I am considering properties in low tax states like Florida or Carolinas but this is a new endeavor for me.