Investment Info:Single-family residence buy & hold investment in Elizabeth Lake.

You are close to (or maybe past) your primary residence capital gains exemption, so I'd take that in to consideration too.

Investment Info:Single-family residence buy & hold investment in Fargo.

There are a lot of factors to consider here, but if you can keep your current residence as a rental, I would do that, possibly even a STR or MTR. 

But we'd also like to be compensated for this cost especially since we are offering our residents a service. 

Augusta, GA is the home of the Masters and a lot of folk vacate their residences in order to make some cashola.I don't mean to bust your chops on this as the info was great, but it isn't a loophole and the IRS doesn't consider it a loophole.

@Max Servais if this will be your primary residence, you will need to insure this with a Homeowners policy. 

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

One thing you might consider if it works for you is buying a hack and living in one of the bedrooms or use that as your permanent address for a year, until you get it up and running and then do it again...and again...until you tap out on time to manage. 

“The availability of affordable housing in Phoenix has plummeted very quickly and very dramatically,” said Maxine Becker, an attorney at the Wildfire Community Action Agency, a group that advocates for low-income residents of Arizona.Evictions are seen in virtually every community, from residents in their early 20s to retirees.