I understand capital gains can be avoided by living in a home 2 of the last 5 years, but I don't know how that works when selling two homes.

@Braden Anderson I name them all for something unique about the house:The New House (it was a brand new build)The Soul House (it’s an old soul)The Jo House (interior looks like something Joanna Gains would decorate)The Pond House (backyard abuts a pond)Etc. haha it’s actually pretty fun

Good turn key companies make their profit through economies of scale and increasing value through improvements, just the same way as someone gains equity through the BRRRR strategy.

I am excited and also terrified all at once but thankfully for the tools and information I have gained here I believe its a winner!

Additionally, we were also interested in seeing if she could do a 1031 exchange for her investment property in order to avoid a capital gains hit, which would be quite significant given the cost basis in the home.Does this sound like a good strategy, or is there a better way we can go about this?

I am interested in OOS and the BRRRR method and will continue to gain the knowledge necessary to move forward in my journey.I welcome any advice, and I'm looking forward to networking and making connections with other investors and professionals.

Lots of the people that go, do TONS of homework before, and its that homework that makes all the difference, that and skill at the auction which you will gain with time. 

With a majority of all things being equal, I selected our PM with weight on that termination clause.Certainly put us at ease that if, for whatever reason, either party is unhappy in the relationship, we can cancel the contract. 

I will still be working full time so I plan to take a year to get my feet wet in landlording, and gain experience before looking into a 3rd property. 

@Jessie Keating Short-term pain = Long-term gain. ;)