At the end of the day, people are what’s most important.If your goal is to save or stockpile the most money, then yes, renting out the new house might be the best bet if you can leave for cheaper elsewhere (which it sounds like you are).

I was never one to compete by cutting commissions.....but right or wrong, you agreed to a total $2,000 compensation, and the BTSA is a commission.  

My bet is that you did something small during your first class. 

Total monthly costs would be a little under $1000.

Hello,I recently found BP and have been devouring everything I can from forums to podcasts.  What am amazing resource.  My wife and I recently (February of 2018)  purchased our first rental, a 3 bedroom condo we paid ...

@Susan O.Non-qualified use is the period of time as a rental (not qualifying as your primary residence).Qualified use is the period you lived in it (qualifying as your primary residence)Your scenario would probably shape up into something like this...Daughter rents for  - 3 years (non-qualified use)You live in it for  -      2 years (qualified us)Total time owned -    5 yearsAmount of exemption available for primary residence - 40% (2/5ths) of the gain up to the $250K limit for you.Plus you recapture all depreciation.And don't forget that a property you convert into your primary residence that was the subject of a 1031 exchange has an overall holding requirement of 5 years. 

Multi-family is your best bet .The most difficult thing to do is to get off the sidelines.

I mean I am turnkey I was the number 24 new home builder out of the top 30 in the Portland market.. and all of are product are TURNkey I suspect  they are brand new homes.. just like the buys I fund here in the PDX metro area they are flippers.. they just NEVER sell to investors its all home owners.. and homeowners want fresh new modern rehab.. so investors same thing they want fresh new rehabbed rentals.. and if you can bring the management component that helps them.. but I bet Memphis has their share of flippers that sell to home owners.. they are turn key in a sense..

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I've posted a couple times on Facebook Marketplace and there's where I've gotten 70 messages in total, but everyone either no shows the showing or doesn't meet criteria.