All the tax deferral of the 1031 and still using it to purchase your next primary residence as well.

Make sure you have filed for Homestead exemption at the very least (this can only be done if you the home is your primary residence, not an investment home).

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

By being physically present, you can gain valuable insights into the property's operations, interact with residents, and assess the team's performance.

Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence buy & hold investment.

Paging @Garrett Brown our resident STR specialist - what say you about tips for lead photos on listings??

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence fix & flip investment.

As a resident (who travels a lot) I would say the Midwest does not have the attractions like palm trees & beaches (the great lakes are cold) or amazing mountain ranges, which often come with some disadvantages like high cost of living or hut/humid weather, stroms etc.