Just make sure you have a real investment plan laid out because it doesn't benefit you to pull the trigger just to end up losing money every month or losing the property because the numbers don't work.

In order to benefit from a 1031 exchange to defer my taxes will I need to convert my primary residence into a rental property and if I do, what's the minimum amount of time that I need in order to hold it as a rental to make sure it qualifies for a 1031 exchange?

No, as I mentioned I have LTR rentals but it's becoming difficult to keep buying these when I don't get any immediate tax benefits from them, I've bought two in the last 2 years and had to put out a bunch of money to get them ready, etc and not one cent of that is a writeoff for me until years in the future when I actually have passive profit, meanwhile I live in a high tax, high COL state.

The investment is on track to become a dynamic, mixed-use destination in Downtown Morganton, benefiting both my portfolio and the local community.

The investment is on track to become a dynamic, mixed-use destination in Downtown Morganton, benefiting both my portfolio and the local community.

The investment is on track to become a dynamic, mixed-use destination in Downtown Morganton, benefiting both my portfolio and the local community.

The investment is on track to become a dynamic, mixed-use destination in Downtown Morganton, benefiting both my portfolio and the local community.

By showcasing the mutual benefits of my offer, including a quick and seamless closing process, I was able to secure favorable terms that aligned with my investment goals.

Understood there are other factors to account for including loan pay down, tax benefits, lower rent etc.

We have an excellent team of cleaners handyman and other local professionals and been in the business for five years.What are the costs vs benefits of each platform?