The reason I'm leaning away from that option is because it was built in 1986 and I see some major CAPEX if I hold on to it for the next 5-10 yrs.

Another possible benefit could be that if your LVT comes down, then your MIP could drop away in 11 yrs (assuming you keep the FHA loan for that long).

Initial focus would be multifamily (2-4 unit) or small single family in upstate SC area (Greenville, SC) since I'm currently doing contract work there over next 2 yrs and paying rent to someone else. 

I hate to put carpet in simply because I hate it myself and also because I feel that after 2 yrs it will show some wear; I know tenants are never as careful as owners with properties. 

My current rate is 5.25% @ 15 yrs...Any ideas or suggestions is welcome

I am a private fix and flip lender with 20 yrs of experience currently living in the Los Angeles area.

Not sure if you missed the member that pointed out that you don't have to pay capital gains on the profit if you lived in the house for 2 yrs of those last 3 years you have owned it. 

@Joshua Chambliss I am in the same boat...been in for over 11 yrs...going to retire in about 9 yrs.  

Must have a min of 2 yrs. office admin experience.

Haha it's very rural it has 2 stop lights and just got its first McDonalds 3 yrs ago.