,Renting your primary home back to yourself isn’t typically allowed by the IRS for tax purposes, even if structured through an LLC.

This is why a lot of syndications also fail - they raised a lot of money because the promoter was a great marketer but awful manager.2.

@Al JeciusAre you in City of Flagstaff or Coconino County for zoning purposes?

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

We are both nurse and plan to travel for a good portion of this time, so 'living' in the small 1br or studio apartment for residence purposes will not be a major issue for us since we will rarely be there.

Hello Michael,I echo Jon, completing a 1031 of a single rental into DSTs in straightforward however we typically recommend a portfolio of DSTs for diversification and financial objective purposes.

The longer you hold the property for investment the easier it is to demonstrate that you did in fact intend to hold the property for rental or investment purposes. 

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

The process seems daunting and overwhelming, and I am not confident I will put the time in to talk to sources, analyze, and find properties for investing purposes.

A goal gives you direction, purpose, and excitement for the future.