We currently live in our forever home with both of our parents on each side of us.

We would buy a house live in it for 2-3 years then on to the next and rent the old one out.

Sadly, we lost my mother-in-law to cancer two years ago, and my father-in-law has since realized he no longer wants to live there, though he remains emotionally attached.The home is in its final stages of construction, needing only finish work and a kitchen remodel to be rentable.

You won't find a deal where you live for free, but if you can live in a great neighborhood at a reduced cost of living that is a nearly risk free way to get started in real estate. 

I also have registered my "rental company" with the state of Maryland, where we live. 

We've essentially ruled out investing in our local community because we can't seem to find a good deal (we live about 1.5 hours north of NYC, so purchase prices are very high), so we are considering (1) investing out of state; or (2) investing in some northern NY localities (Syracuse, Albany, Rochester, etc.). 

Quote from @Ericka Parrott: Hi Dylan, I live here in Atlanta.

.- The townhouse you're moving into is currently a rental, but you plan to live there two years for the 121 exclusion.

The area where i live, land is very expensive.

Also, if it fits your budget and your business needs a write off BPCON lives up to the hype.