Land doesn’t depreciate, and while buildings require maintenance, they usually gain value as markets grow, demand increases, and inflation takes its toll.Real estate investors benefit from a significant tax write-off based on the concept that properties lose value over time, even as their market value skyrockets.

I respect your many years of experience Jay but want to bring some perspective from the other side of the table.In a corporate office which is running 10, 20 or even 50 projects at once (depending on the firm size), what is the benefit for the Architect to drop their other projects to jump on yours quicker?

The plan aims to reduce living costs, gain landlord experience, and move closer to long-term financial goals.Good luck!

I am not afraid of the answer keep saving and I’m truly interested in any advice I can gain from everyone here!  

Not giving tax advise, so check with your CPA, but I sold a rental after it was my primary for over 2 years and as long as it was considered my primary residence "2 of the last 5 years", I did not have to pay capital gains on my property sale up to the IRS limit. 

They've figured out how to take advantage of the warranty policies to benefit themselves.

You will have to do something unique to make it effective & useful to you... because it's always no pain, no gain!

I thought all 30 year mortgages require only 12 months occupancy.It seems to be a lose-lose since the lender loses the interest on an otherwise good loan if it had to be sold, and they gain nothing.  

@Christine Aledam LLC doesn't give any extra tax benefit for now.

In many cases, you’ll still receive the benefits of direct ownership such as appreciation, cash flow, tax advantages, etc, however with a lot less time and headaches.