It was a little stressful as we were footing the bill for the mortgage ourselves for a month or two more than we would have liked, but there lies another benefit of going in with a partner to spread out risk and financials.  

Since you occupied for two years After it was a rental, the cap gains that will be exempt will be the prorata time it was your residence verses the time it was a rental.ie.  8 years as a rental, 2 years as your primary....20% of gain is exempt, 80% is Not.

I could see the benefit to not having short term leasing surrounding your home, but I would obviously be losing a huge portion of the investor market.3.

Thanks for the replies, I’ve gained some more points to think about

What I was thinking is that the I would have to pay the capital gains on the house prior to sending the investor their split.

And important that you gain their trust and respect during this time.THE FOURTH MONTH - THE COMFORT PHASE:The Fourth Month through the first year is THE COMFORT PHASE: the tenant becomes accustomed to your rules and is starting to feel comfortable.

My goal is to seek out individuals that can help us along our journey and build long lasting relationships that benefit everyone involved.I am so excited to finally be part of BP and I am really looking forward to getting to know as many members as I can!

Opportunity Zones are providing property owners and potential property owners with outsized return potential due to the deferral (and potentIal ELIMINATION) of capital gains.

I know the benefits are home warranty and no cap x or repairs expense needed in the beginning.

I'm aware I'll  loose the economies of scale a proper MHP would have, but would this idea be cost prohibitive, or potentially a good stepping stone to one day being able to graduate to a real MHP while gaining local industry knowledge & contacts?