You really do never know who is living next door...or driving down the street after having a fight with their wife, or....well you get the point. 

Plumbing company says its the only way to resolve the issue I live in Jax as well and have run into this issue as well.

Quote from @Jeff Hines: Hey everyone,I am a 28 year old who currently lives in NC.

If you lived in the property for 2 out of the last five years then you wouldn’t pay capital gains up to a certain amount.

My real estate journey began in 2010 with a three-family property that I lived in, renovated, and eventually turned into a profitable rental before selling it via a 1031 exchange to purchase a short-term rental.My current goal is to acquire my first multifamily property using private lending by Q1 2025 and grow my portfolio using the BRRR strategy.A question for the community: What’s been your most effective way to connect with private lenders for small multifamily properties?

Its a rule of thumb SHORTCUT we use to make DECISIONS every day of our lives!

What makes it slow in this case is that you don't really start seeing real cash flow until after year five but it's more effective than rentals in that there is little to no maintenance.Sure you can live in a home while fixing it up with the intention of selling it for a nice profit later but I think many people are already doing that and the buyers of slow flips now also have that opportunity without having to qualify with a bank.

There is nothing that replaces a live conversation with someone who has already built that trust with the sponsor over time.

I know how you feel coming from California, I used to live in San Diego.

I do plan to live in the vacant side at least for a year, with a VA loan after a year I can take out a loan on another property.