If not, then the purchase is structured as described above (much like a Reverse 1031 Exchange).  

The IRS wants you to prepay this hefty sum in 4 quarterly installments (aka estimated payments), starting April 15 of the current year, one year before your tax return is dueAs with most tax issues, there's more to this setup than I described, but it's a start. 

>We can describe pre-pandemic / during the pandemic / after the pandemic.

I am always trying to improve, so I'd love some feedback.BTW, many people use the word mastermind to describe their seminar.

what your describing is a hypothecation.. 

Best bang for the buck is living in it as you've described and paying your business the rent. 

What are the main concern I should have regarding that tenant being section 8 and protected per what I described?

What you describe appears to be true of the entire country right now. 

The biggest risk is that the areas you describe are usually the most challenged areas of cities.  

You can read a recent post I did describing some of the things we have done to serve our target client, which is real estate investors. https://www.biggerpockets.com/...Best of luck!