It is done once, and the game is over.Myth 2: My STR can sometimes be enjoyed by my family and friendsOf course, you're entitled to use your own property any way you want.

If I were you this would be my game plan.1.

@Stuart Udis you sound like one of the good guys :)  This line is GOLD, "90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against"Its a game of risk/reward.

New construction is very low margin game...

Trade school for plumbing is 2-4yrs, I'm not gonna take you from 0 knowledge to full comprehension on a web forum. 

The requirements are:1 - You must be personable and have the ability to answer questions with more than one word answers.2 - You must have high-speed internet of at least 15 mb/s (preferably 20mb+)3 - You must have a web camera (we record audio and video for all shows) and we do require a decent microphone.

When you are within two years of purchasing make sure to have good tax returns to submit as lenders will want tax returns for last two years.Use the money you have saved and your tax returns to buy a duplex/triplex with an FHA loan and house hack.That would be my game plan in a nutshell.

That'll actually put you ahead of the game.

Its also an active investors game. 

Anything is fair game within that driving radius.