I’ve heard different things like taking a Fannie Mae loan out then converting it to a LLC and the likelihood of triggering a due on sale clause is minimal.

Or you could keep it as a rental and eventually refi the second property.

If you don't learn to manage your investment well, you will eventually destroy your property, lose money, waste your time, or drive yourself insane.

Painting walls, updating fixtures, or handling minor repairs yourself can save thousands upfront.Consider Your Exit Strategy: You’ve got the right idea;house hack for 1-2 years, then convert the property into a long-term rental.

And I had done with Allen recommended when I converted my first LTR to MTR.

Whether that’s refinancing in five years or eventually selling the property, you’ll want to know how you plan to handle the seller carry when it comes due.

Interesting to see how feasible this will be. 

Something like a live in flip/fixer to eventually become your next STR.

I will be converting it into a 8 bed 3 bath property.

I initially resided on the property as a tenant myself.Prior to the current tenant moving in, all tenants were aware that I was getting married and would eventually move out of the property on Nov 18th, 2024, with the expectation of moving out of state by the end of December.It was understood that I would continue to utilize the garage and one room for storage as I transitioned to living out of state.All tenants were also aware that I would continue to access the property during this transition period.The tenant in question moved in Nov 1st, 2024.