Child would like to buy the house, potentially for below market value, retain the original real estate tax basis and then parents would like to use the proceeds from sale to complete a 1031 in order to defer capital gains.I can see a few potential issues:Does the fact that parents converted it to a rental from primary residence cause a problemIs a purchase below FMV possible or are there 1031 ramificationsIf below FMV a bad idea, could some sort of non-interest bearing note be structured between the parties to make up gap between proceeds and FMVCan 1031 exchange property they identify be contributed into an LLC after closing for asset protectionAny advice on the structure outlined above, or other ways to transfer real estate from parent to child (while parents still living) would be greatly appreciated.

None of this is a done deal, but it has potential to be a rare opportunity for RE investors that exercise diligence and intelligence.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hey All!!!I am hoping to pickup my first multi family property and need some of your help...

There’s no such thing as a high returning investment that has no risk, so then you have to decide if (potentially) earning that spread is worth taking the risk (and would be okay with it, if things went  badly). 

Can you share, do you have properties that you have taken loans out for and what have you done to protect yourself against potential lawsuits?

@Josh Pociask Destin is a great place for a potential vacation rental, as you already know since you've been here before!! 

Diff I just find a potential deal?!

You might offer to pay them for their time to look at a potential property with you.

Another idea is we could potentially sell our SFH house, which might net about 80-90k.  

As a retired techie, I'm fascinated by new technology and its potential applications.I imagine 3D printing technology will substantially reduce the cost to build stuff, which would be deflationary for the economy.