So while my money is short, I've continued to connect with owners and have a few deals that I'd like to take down.

So you would get to continue the depreciation that you carried forward and there would be some addition to depreciable basis as well.Third you can use the 1031 to keep depreciation recapture at bay indefinitely. 

I currently rent my parents house for next to nothing, and will continue to have this as an available option for a few more years.

I think this solidified it: continue to live within my means and FHA it is!

,Since you're a Plus/Pro member, try using the  Network feature.

Both amounted to what I refer to as 'legal blackmail' where the attorneys settle out of court because it is less costly for the insurer than continuing to trial. 

"Good discussion, what you are missing though:is that I continue to buy (as I have for over 25 years) houses for 3% to 5% of their cost using Subject To and Wraps.

I would then promptly provide my good buddy friend of mine landlord with the receipts as he asked.I am sure that while I was out shopping I will have seen a nice stainless steel refrigerator which will be perfect to replace my soon to be broken/sold one.Oh, and by the way- I will continue to keep paying my rent late without repercussions.

I almost had a nervous breakdown the first month, but we're coming around now :) So while I am in the process of recovering my downpayment and rehab costs (at least 3 years), how else could I continue with this journey with practically no more money to work with right now?

They also come with some handy features like automatic late fees and the ability to refuse partial payments (useful if you're in a state where a tenant can halt eviction proceedings by paying you any amount of the rent owed).