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

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

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

End of the day borrowing against a rental will always cost more than your primary residence.

While not in TN specifically, I have assisted clients do as you have described: live in a property as a principal residence for 2 years, rent it out for 3 years, then sell.Based on the situation described, you would appear to be eligible for the MFJ joint exclusion on principle residence on your 90% share.However, in order to retain that ability, the house will very likely need to be sold (ie, sale closed, not just under contract) by the end of this month. 

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

the one you live in would qualify for the primary residence exemption. 

Today, this is a highly developed residential area close to the downtown of a newish city.I doubt that the current residents know about what is buried on their land.

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?

Investment Info:Single-family residence buy & hold investment in Orlando area.Currently under contract for a single family home that we will be utilizing as a short-term rental.