For a rental to be considered "Owner Occupied" It does have to be the owner's primary residence.

@Todd GoedekeOk I see which direction you’re going there… thanks for the explanation!

After operating the STR for the first year can we turn the STR into our primary residence for 2 years then sell and avoid capital gains tax and depreciation recapture instead of doing a 1031 exchange?

I purchase as primary residence, and then move and rent when I have a new downpayment saved.

Don't need the LLC, buy it as a primary move in for 5% or less. 

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And do you currently own your primary residence?

Refinance current primary home.

The primary reason is because the property is vacant and a number of independent contractors are in and out of the property thus increasing the chance of a claim or loss.

I converted my primary residence into a rental property three years ago.