True, but living in it AFTER it was a rental turns the period it was a rental into non-qualifying use.You may want to reread the article you posted the link for, it does not support the conclusion you are reaching.

I told him about the REI meetings they have in our area where local RE investors support each other, give advice, network, etc. to basically say "tons of people are doing this," and his first conclusion was that it must be some "investing club" that's trying to steal my money and convince me to buy real estate from them so I take on the risk and they try to get in on the management side to take a cut.

was fraud.In my opinion, your conclusions you've drawn are flawed.

Like most people here, I agree that you can’t let them stay indefinitely or for free (not a surprising conclusion given this is a real estate investing site).

Once you analyze OC/LA, then Riverside, San Bernadino, Bakersfield, Fresno, and High Dessert, you will arrive at the conclusion I arrive 4-5 years ago.Las Vegas multi's are my niche.

It requires extensive investment, finance and real estate education to come to a conclusion.

We have come to the conclusion that flipping homes is the easiest way for us all to profit. 

You can look into websites like city-data.com, Zillow, Trulia, etc  and you’ll likely come up with the same conclusion.    

At the end of the year of searching, I finally came to the conclusion that taxes kill cash flow on the east side so decided to invest in St.

I'd be curious to learn if there are any BP members who work for one of these entities who could add more insight and/or validate or refute any of my conclusions.