All the tax deferral of the 1031 and still using it to purchase your next primary residence as well.

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

Alternatively you may decide not to address the capex but be prepared to deal with high frequency maintenance requests with duct tape repairs. 

If you have not flipped a home, do not have a rental property, and do not own a primary residence, you may have a hard time getting into lending.

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

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

Congrats on preparing your property for an STR in San Diego!

There are companies who buy homes, renovate them, place a resident in, sell the property then manage the property as well on the back end.

At any time, anything can happen to a host and it's best to be prepared!