Quote from @Steven Foster Wilson: Quote from @Tim Sapien: What are your thoughts on buying condo’s/apartments for future rentals?

Hello @Michael Foster, welcome to the site!

It's like making friends with people who share your interests and goals.By collaborating with real estate professionals, you can learn from their experiences, avoid common pitfalls, and discover new opportunities in the real estate market.So, don't hesitate to reach out and start networking with real estate experts to boost your chances of success.Step 8: Start SmallYour first real estate investment doesn't have to be a grand one.

They collect these submissions and if something pops up in your area, and your home potential fits their needs, they will typically do a screening, need more information and if you get selected you will begin talking through pricing, contracts, etc.So if you are switching just for the sake of insurance companies, then it would be a bit of gamble becuase these take a lot more time to foster relationships and build trust.

So, if yuo lived there for 5 years and lets just say you rented it for 1 year, then only 5/6 of the capital gain is available for for the sec121 exclusion.Kinda of reverse of what you are doing, its part of @Dave Foster 's technique to try to get out the capital gain liability deferred from all the 1031's.

Quote from @Dave Foster: @Laura Krukowski, Any type of investment real estate can be exchanged for any other type of investment real estate. 

Everybody has a team attitude, everybody is helpful and people are very approachable and collaborative. 

Hoping to pick your brain and hopefully collaborate.

In this journey, I aspire to contribute thoughtful insights, foster meaningful discussions, and learn from the collective brilliance within our community.

Talk to an expert like @Dave Foster to find out if there’s a work around but doing it and then having it cancelled by the IRS a year or two later would be less than ideal.