Hey all,We're facing another crossroads with what to do in terms of a 1031 exchange that my parents and I co-own (which I also live in with my wife and kids) with our current place and selling it in exchange for a place that's a little bigger.

You can also hold for another 2 years then do a 1031 exchange - but that is for another question.Other question how much do you have to buy another home?

They've only been a tenant for 2 months.Your job as a landlord is to provide habitable housing in exchange for rent.

Then, the developers offered to sell our equity group the deal out-right in exchange for settling the debts and payables on the project and returning current investment principal, including a negotiated return on said principle (between 50%-100% on the money already in). 

This could complicate or delay the exchange, especially if dealing with a bank. 

Refi's though you have to qualify and have provable income.If you hold for 2+ years as an investment you can do what is called a 1031 Exchange and buy another like kind property and transfer the tax due.

I think you can use funds to pay some of your closing costs but I've heard conflicting info on this.I did a very similar exchange last year and I would caution to keep an eye on your reserves.

Someone like this may give you a small equity stake in a property in exchange for handling all of the operational duties.

@Dave Foster will be along shortly and explain a 1031 exchange. 

Need help, this is our first exchange