However, if you minimize your vacancy exposure, you may find (just like I have witnessed for years) that it is a much easier and more beneficial strategy.

But being our first investment we are just unsure which is most beneficial to get a loan. 

.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying  a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?

We've put in a tremendous amount of work to make the RTR Academy community and education as beneficial as possible for investors of all experience levels. 

Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.SHOULD I GET A COST SEGREGATION STUDY BEFORE OR AFTER REHABBING MY PROPERTY?

This can be especially helpful if you’re uncertain about repair assumptions or costs.If it’s a contractor you’ve worked with multiple times, involving them early in the process is often beneficial.

They made it sound like it was something easy to comply with, but if anyone who is a beneficial owner has their ID expire or they move, you have 30 days to re-submit the paperwork.  

If you decide to revisit STRs, you might want to explore properties where you can project expenses independently, such as using local STR forums or online tools to estimate maintenance, management, and occupancy costs.For networking and strategy-building, you might find local meetups or groups beneficial.

@Tim Hem The Section 121 Exclusion and 1031 aren't mutually exclusive.

-Also, if it could have access if they get an easement from a neighbor, maybe there is a mutually beneficial situation where the neighbor would give an easement for access.