Lesson learned; take my time to do things right the first time, double/triple check everything, and keep my spirit high.Challenges: learning to repairs things with minimal knowledge and help.

He has dedicated is life to minimizing taxes and has a lot to say on how to or not to use SDIRA.Once we became proficient at real estate investing, we used every opportunity to take money out of our 401k because we could make so much more in real estate. 

I doubt either would indicate I "lived" there. 

@Chace FraserThanks for your reply Chace, but I am looking to sit down face to face with the person I work with.The year living in the property is easy, since I would house Hack in a very minimal way.Not looking to use this as my only method of acquiring Real Estate, but using it every 18 months or so, is not a bad ploy.Thanks again,Dan

His unit had minimal maintenance/cap ex expenses every year.To me this makes good business sense. 

I saw 203 as an interesting way to minimize my initial investment on a multifamily rental property but perhaps i'll need to consider a different option

The "ability to hold" if necessary is what minimizes the risk, not holding itself.Why would you hold into uncertainty?

A 3 BD room Single Family Home with no to minimal HOA fees (For now, I'm kinda ruling our Townhouses/Condos because they always seems to have a high  monthly HOA and there's no control over any special assessment fees they might throw at you).2.

Our job growth projection indicate this will continue over the next several years.

There is very minimal landscaping and most of it is succulents or dirt covered areas with dry bark.