You lock in a deal and it becomes gold fast

I mean, obviously finding the best deal is important...but I feel like BRRRR's gold mine is in the long term investment n cashflow. 

A client of mine had a 4 plex under contract with us representing her and this issue came up.

As we are going through their "portfolio" of properties we realize one of the properties is actually mine 🤣🤯

She can use one room as her office and I can use one as mine.

I'm telling you finding a good property manger in that area is like finding a gold doubloon during a day at the beach! 

@Raymond Hill a tenant being so bad with money that they live paycheck to paycheck with no reserves/emergency fund is their fault and their problem, not mine.

What some of the more optimistic folks will say is that the general non-taxable treatment given to contributions into LLCs taxed as partnership under sec 721 and the carryover of basis of the property into the LLC make it hard for  service to argue that a contribution of that sort would be taxable simply because it falls at the end of a 1031 exchange (Their words  not mine:).And since the exceptions that would make it taxable are 1.a disguised sale (not if both contribute equally into the LLC), 2. a contribution of not property (not is both contribute real estate and cash), 3. a gift (doesn't sound like this is the case),  or 4. a contribution that results in a reduction of the taxpayer liabilities (doesn't sound like that here either).   

@Sally Helland your goals sound similar to mine. 

A friend of mine purchased a quad and his mom moved into one of the units as her primary residence and he only had to put 5% down.