Hello all,I just closed on my primary residence with an FHA loan so I am not able to house hack since I am obligated to live in the residence for a year.

To the nuts and bolt question of what defines occupancy, it is the place you reside and spend the majority of your time/nights.

I just completed an exchange of a single family residence in Scottsdale to a single family residence in Durango, Colorado. 

Quote from @Khon Kounbandith: Investment Info:Single-family residence fix & flip investment.

I currently reside in Ohio where I buy SFR rentals and do a couple flips a year.

However, to my understanding, a 1031 conversion of an investment property to your primary residence after a safe harbor of two years does not trigger a tax event.

i would never tell a random person on the internet where they should live. 

Since there is a co-owner, you would have to purchase the property and it is really hard (if not impossible) to pull a HELOC as the basis for the purchase (since it is not your primary residence). 

I strongly advise you to get your primary residence taken care of FIRST.

Aside from downpayment, you want to have a solid emergency fund in place, something that can cover unexpected repairs, vacancies, or any other random costs that pop up.I’d also recommend saving more than you think you'll need and keeping a close eye on your expenses.