You'll still be paying rent to someone else, but you can negotiate rent credits, and it's essentially your own home.

Educating yourself is the first essential tool. 

I'd benefited so much from this website and love to meet new people.

I met someone when I was on an extended RV trip with my family who told me some of the Benefits and success he was having from Airbnb rentals.

I’m not sure i see the benefit to the second option as then i have to pay taxes on this rental income and then i believe it does not look like my primary residence anymore.

@Jenny Stallings Check out these informative links:https://rehabfinancial.com/blog/why-you-shouldnt-u...https://www.biggerpockets.com/forums/67/topics/81818-benefit-of-using-own-title-company-vs-sellers-title-company-fannie-mae-hud-etc  

Striking out anything on the board approved contract is essentially practicing law without a license.

There are a number of legal ways to deal with this situation and they all have the potential to benefit you.  

@Dustin, if you are looking for passive investments but want to benefit from scale, you may also want to look into DSTs and the new " Opportunity Zone Funds ". 

., rental) use would not include any period after the last date that the property is used as the principal residence of the taxpayer or the taxpayer's spouse, so it essentially doesn't matter that it was a rental from December 2014 - June 2017 for purposes of the home sale gain exclusion since the last date you lived in the property as your principal residence was before you rented it out.Depreciation recapture is another story.