For many people holding the property and refinancing out equity/forgoing the 121 exclusion makes more sense froma  numbers POV. 

We are trying to maximize the amount of money paid to the owner and ensure they still utilize the Section 121 exclusion.

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

Background:  My partner and I created an LLC exclusively for the purchase of a multi-family property in KY. 

I would not recommend utilizing a REIT exclusively to save up, but it still better than a savings account.Find a side hustle, mow lawns, flip furniture, and be disciplined enough to not spend it but  do whatever you have to do to save up money while your friends are out wasting theirs and it will pay off.Be willing to live a few years how most people won't, so that you can live the rest of your life how most people can't. — Mastin Kipp

Am I naïve in thinking that an already profit-generating business would allow for a fast-track transition into building a wealth-building RE portfolio without having to rely on creative financing and techniques such as exclusively BRRRing?

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

Don't waste everyone's time by inspecting properties before you get offers accepted.3 - Will they make you sign an exclusive contract?

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion

Good afternoon, I'm curious how much staff appraisers that are working exclusively with one appraisal firm in either Colorado or Florida are being paid as a base salary?