What kind of residents are there?   

But my real estate investment knowledge is very limited to the basics that one always starts buying it as their primary residence. 

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

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

After checking with the power company on the status of the power they said crews have been out and they showed power being used at the residence.

(You can't move earlier than a year and get another primary residence.)If you buy a 4br in the $500k range and put 5% down, that's likely $3300/mo or so.

So, you're probably not going to be able to buy a random condo and just start 'cash flowing' in month 1 or even year 1. 

For example:  You don't know in what city the guest resides and are coming from and when you ask them, they are like, it's none of your business. 

The strategies you mentioned above seem to be more advanced strategies, but if that is what you enjoy, learn as much as you can and get into it.With minimal income, I would suggest saving up some money, buying a new primary residence that you can house hack, and keeping your current property as a rental.

If we resided in a property for 20 months in the last 5 years, does the IRS consider a "partial" capital gains tax exemption?