You must learn to communicate with possible residents, ethically and legally screen them, juggle the calendar, create leases and collect rent.

Hi Alex,You're right that what you do with the sale profits (like paying off another loan) doesn’t impact your capital gains tax treatment.

If you don't trust me with your money, we're on the wrong foot already.This is not to say that there're no sh**ty attorneys/CPAs or that there're no ethical contractors.

As long as your intentions to hold onto the property for investment use are met, It would qualify for 1031 treatment.

My quintessential mountain cabin will include comfortable leather furnishings, wood for the fireplace, big coffee mugs, plaid window treatments and/or bedding, extra blankets, and taxidermy hangings.  

The family we guaranteed rent to on their existing home, giving them the flexibility to buy with a partner builder and move out of state to be closer to the best treatment facilities when faced with a difficult diagnosis.10.

So now you know it may be worth it to consider a better grade cathode, or water filter/ treatment. 

These are professionals with additional training and a stricter code of ethics.

Can anyone verify the tax treatment as of today that a gain from owner occupant unit is applicable for Sec 121 exclusion, and a gain from rental unit is applicable for 1031 exchange?

If it is not up to today’s standards, and the tenant was not informed of such before he signed the lease, then ethically, if not legally, it’s “on you”.