Please do your research before getting involved with this "Guru"Many members of bigger pockets can attest to this.Regards,

However, there are some drawbacks to putting a rental property in a trust - first setting up a trust can be expensive and involve a lot of paperwork, the rental property may be subject to rent control and liability insurance may be more expensive for a trust.

Luckily, my brother is a software engineer so he put together a website where new tenants can simply click on "apply."

I'm still learning the industry,  but I have been able to partner with a CDC based out of texas and they have been a great help and they have allowed me to get involved with getting investors for their project and I'm definitely excited for it.  

@Howard Cheng, Qualified and non-qualified use only applies to the period of time you owned your replacement property (the converted property). 

However:Capital gains taxes can be minimized through deductions like rehab expenses, holding costs, and agent fees.Alternatively, if you decide to keep the Mooresville house and rent it out, you could potentially defer capital gains taxes through a 1031 exchange, but this only applies to investment properties (not primary residences).

But it’s unclear if this applies to HomeStyle loans specifically, given the initial renovation appraisal already accounted for these improvements.I want to know if anyone here has been successful in getting PMI removed under similar circumstances or has any insights into the specifics of Fannie Mae’s policies for HomeStyle Renovation loans.

I've had success simply informing the tenant that I plan to involve a collections agency as a next step if they don't pay what they owe.

The custodian is who applied to my rental and also the one that came to view the property to ensure it is ok for the tenant.

@Josh WillisHouse hacking involves buying a small multi-family property and renting out units to cover mortgages.