Quote from @Allison Cutlip: Hi all, My boyfriend and I are buying our first home that is a duplex, planning to live in one unit and rent the other side.

Hi Davis,I live in NC but invest primarily in Greenville SC / upstate with my business partners. 

A few years later, I hired a local Wyoming attorney to create a living trust.

You won't find a deal where you live for free, but if you can live in a great neighborhood at a reduced cost of living that is a nearly risk free way to get started in real estate. 

House hacking is an incredible way to live affordably while building wealth through real estate.

Me and my partner moved from Utah to Maryland for school recently and we have a townhouse that we are looking to rent. we are currently remodeling and changing a few things before renting. what are the first steps to change my primary to a rental I lived there for about two years.

I do pretty decent for my age, and I live at home still, so I've been saving up a lot of money.

For the son to qualify for the $250k exclusion, I believe he would most likely need to meet the ownership and use test, meaning he needs to own and live in the home as his primary residence for at least two of the last five years before the sale.

You have the ability to sell while limiting your capital gains tax because you lived in 2 of the last 5 years. 

@Fabio CattolicoFrom my experience, balancing career growth, cost of living, and real estate goals is a smart move.