While we currently reside in California, our focus is on acquiring properties outside the state, particularly in Arizona, Nevada, Texas, and Pennsylvania.

For investment properties sometimes you can do this if there is a history or using Airdna but never for primary residence purchases.

Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence buy & hold investment.

Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.

Then, you need to study the IRS Publication 523 regarding the Sale of a Residence.

Or use your primary residence.  

Or sell & throw that money towards our next primary residence? 

I guess tourism is an important enough industry there that while they need to limit the short term rentals for local residents, they also need them to provide lower price points for visitors. 

I have a primary residences that is in a great area that I’m looking to rent out within the next year or two.