It will take a long time to get anything close to what you'd save on taxes selling it before your primary residence exemption is up.

Investment Info:Single-family residence fix & flip investment in Martins Ferry.

I wanted to have a spot to rent out and cover the monthly mortgage payments while securing a small spot to have for myself in the next 30 years for when I no longer reside in Charlotte but want to visit friends, or downsize.

The tenant isn't "happy" about the construction but understands that it's my property to do as I wish.Has anyone had experience with performing construction on a property that a tenant resides in?

There are foreign national programs with 25% down for single family residences and 30% down for 2-4 units with a $100K loan minimum.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

Are there additional primary residence requirements such as homeowners exemption required, or anyone know if this is coming down the line?

Long term i would look to 1031 the property into either my primiary residence when i start a family(i rent now) or a better deal.

I kept my first house as a rental after I moved out and bought a new residence. 

@Priti AgLong-term residents often dislike short-term rentals (STRs).