Did you know that you can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional.

Dunno if it tagged him but the guys at Drunk Real Estate (@J Scott) talked about this topic a bit in their latest podcast episode regarding LPs or random strangers calling out GPs on Twitter/X.

A steady annual growth rate, diverse industries, and affordable living attract residents.

The best strategy depends on your goals, but here’s a breakdown:Selling outright would result in paying capital gains tax and depreciation recapture, but since the appreciation is minimal, the tax impact may be relatively low.Gifting the property to your son could potentially allow him to sell it with a lower tax rate, but since he hasn't used it as a primary residence, he won’t qualify for the exclusion of capital gains tax on a primary residence, and you'd need to account for gift tax implications.1031 exchange could defer taxes, but you would need to purchase a like-kind property of equal or greater value and meet all the IRS requirements.

If you are closing on a property that you will reside in, can you close it in a Trust, or do you have to close it in your own name, and then later transfer it into a Trust? 

My question is, can I do a study on a home that is currently my primary residence and not yet a rental but will become a rental and I use the paper loss in the future when I need it but have captured the 100% bonus depreciation by doing the cost segregation study in 2022?

You can acquire a primary residence as low as 3.5% FHA or 3%-5% for conventional.

This way you can fix up your primary residence to build equity and also add a cash flowing rental.

But in the meantime you could move into your new primary residence converting it from your 1031 replacement from the sale of your current investment.

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