Is acquiring a new primary residence and renting your current home feasible?

Just decided to get back into retail real estate too so, back helping fellow investors and Home Owners acquire property along with my own projects this should be fun lol.

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

If the client is in CA the community property state laws may help here (not entirely sure) depending on when the property was acquired but it would be a great question for an attorney as Jason mentioned.If they were married and went through a divorce it would be worth looking into how the divorce paperwork stated how that property would be handled.

I am not a big fan of selling assets once I have worked to acquire them. 

Are you still acquiring rental properties?

I have helped several investors recently acquire single family homes around the $400K price point that rent in the $2,200-$2,350 range.

We just acquired an existing duplex in Fort Lauderdale and planning on tearing it down and build a new duplex instead.

Keep in mind that the same entity (in this case, your LLC) that holds title to the relinquished property must also acquire the replacement property to maintain the tax-deferred status of the exchange.Additionally, don't forget about depreciation recapture.

., acquire another plot).