Hi Penny, I live in the Seattle area, but have 9 doors across Detroit and Memphis.

Hello it took me 12 yrs to muster up the courage to live my dream of starting my real estate portfolio dream.

That would b much better than flip and make 75k after 6 months.If you can't live in the flip, that may not be a good option as risk is higher, so we do some  like rehab and live in it. 

Hello BP community,This is my first post on the BP forum, thankyou in advance for any advise.We have lived in the US for the past 15 years, mostly renting and previously owning one property.

Not as much as multifamily but still more than STNL single tenant or 2 to 4 tenant type retail center properties.The larger centers they live or die by the anchor tenant so really have to know if that tenant owns or lease the space, when it was last re-imaged inside and out, and what sales they do per sq ft year over year and how they have been trending.Larger retail centers have defaults from smaller tenants with covid right now to work through so offering should have reserves built in for some not making it so buy in cap rate on existing NOI might go down in the short term as tenants are lost and tenant replaced.

This would generally bode well for surrounding property owners as well.One other thing I would also try to scope out in the new building's planning docs would be whether or not they are including any retail/commercial space in addition to the residential apartments. 

I’ve ended up staying here for an additional year and now in just over a month I should be capital gains exempt if I were to sell due to the 2 of last 5 years rule.

I'm thinking about selling in the next year and I have read that if I now live in the property for the last 2 of 5 years that I won't pay taxes on the first $250,000.

I currently live in the unit that I will be converting into a STR.

@Butch Greene, they may have lived in their primary residence a short period or profited so much as to exceed the tax exemption amount for selling a primary residence.