The way around that being for my wife to be the lead or primary member on the LLC. 

If the unit they are renovating is vacant, they should be fine moving into that unit and using it as their primary residence...not what they wanted to do, but c'est la vie.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

We then moved back to California.Our primary house was purchased for $465,000 and ended up renovating and selling for $765,000.

What will happen to your property taxes if you no longer claim the property as your primary residence?

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

Live in it for two years as your primary residence and sell it tax free. 

Is there any requirement that I notify the lender that the property will no longer be my primary residence?

We've decided to make the new construction our primary residence after the purchase.

I took that to heart in 2016, and since then, my net worth has been my primary financial KPI.