A 1031 exchange is NOT available for owner occupied property so that’s the bad news.The good news is for owner occupied primary residences, for married couples, the first $500,000 of pain is tax free.No need to worry about a 1031, live in the house, sell it, use the $500,000 exclusion and you pay KP tax on whatever profit may exist,2.

I would have bought rental properties of any sort before I bought my primary home. 

Is there anyway you could make the NV your primary home?

Hi everyone,My wife and I own 3 homes (1 Primary and 2 LTRs).

They are responsible for AML/KYC check to make sure its not money from some mexican drug lord etc. but if you put in more than the 10% net worth outside your primary thats on you. 

Dahrian, are you looking for a cash out on an investment property or a primary?

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

I still may proceed as it’s my primary residence so the negative equity portion is not my primary goal but it remains a good argument against.

Primary Focus3bd 2 bth single family homes that are destressed, renovate, then rent to section 8 tenants. 

Love the idea of helping out a first time buyer, may run into trouble if she's not the primary resident, check w/ lender but I don't think that'll fly w/o more of a down payment.