Quote from @Dave Foster: @Justin Chan, You might be eligible for a partial tax free exclusion if you had to move out of the house for medical or job related reasons. 

I had a few buyers in 2021-2022 that were going to wait it out and were confident the "crash" was coming. 

Quote from @Dave Foster Foster: @Jason Mergl, None of your properties are home runs as far as NOI to equity.   

This does not mean that I suggest you wait to purchase in San Diego if you are confident you will move here in the future.  

@Dave Foster

Dealing with a wholesaler can get you in trouble if you are confident in what and where you are looking. 

Thank you @Bill Exeter and @Dave Foster for the reply, My partner and I literally researched this for few days and thanks for both of your advice, Here's what we're going to doWe'll buy the 1031 exchange replacement property with our personal name, and after 1-2 years, we'll create a "disregard entity" LLC for each of us and transfer the property deed to the 2 LLC's.

If you can learn a market and become extremely confident in running your numbers you should do well most of the time.

My biggest take-aways from this project were confidence, trust, and excitement. - Confidence in our ability to produce a quality product and improve our systems - Trust gained in the hard-money lending community - Excitement for future projects!

While the company's legal counsel is confident in their financial stability, having a guarantor ensures that you're protected if the company fails to meet its obligations.