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’d appreciate any feedback on whether tools like this would be valuable or if other concerns take priority.

Feel free to share any insights you gain along the way.Jackson

The upside is, even with a personal guarantee, the mortgage will not show on your personal credit report.Lastly, in both, while LLCs do offer a level of protection, which is certainly valuable, they also require more work.  

This is the kind of insight that makes this forum so valuable.

If you're open to collaboration, that could be a fantastic way to gain hands-on experience.

The U.S. offers real estate tax benefits like depreciation and favorable capital gains rates, which you can leverage while residing in Canada by structuring your investments properly. 

But if you need fast cash and have a valuable property, hard money loans could be a better fit.Have you had any experiences with either type of loan?

There will be competitors in your market that offer viable housing options, so how do you capture these valuable contracts?

Thanks James for the info, I would love to talk more and gain some insight if possible.