Then, move into Show Low STR for two years and Sell for up to $250,000 Tax-free.

Conversely, rental property activities reported on Schedule E of your 1040 tax return do not present the same way.Third, all rental activities, including short-term rental (STR) activities, within a partnership tax return are reported on Form 8825.

Feel free to reach out.

You live in it for 2 out of 5 years and Sell for up to $250,000 Tax-free.

Feel free to reach out if you have any specific questions.

(I do not live in Orlando, my retired father does)... and my father takes care of all the maintenance (repairs, hiring contractors for electrical, HVAC, roofing, etc.) as well as showing the property for leases, he is my hands and eyes there... all for free, I do not pay him a salary or any compensation, and he does not want one. 

Feel free to reach out with any help needed on having renos done affordably if you ever decide to invest in the Dayton OH and surrounding areas or any DSCR loans etc.

Hello,  We own our house free and clear valued at about 580k.

5) That 20 years later the property will be free and clear and worth a lot more?

You could cash out on the property owned free and clear, and then use that to buy and hold, or BRRRR.