As an EMD lender myself often there are late fees baked in to the agreement which mitigates the loss of return if the deal runs long. 

The new mortgage on the new $340k duplex home which is an FHA loan is going to be a monthly payment of $2800 and we will refi ASAP (the current rate is 6.7%) when rates go down.We have done some nice improvements on the SFR and will be refinishing the wood floors before a renter moves in (July 1) so feeling like it's a great opportunity for the right long term renter and we plan to screen prospective tenants well.We are taking a $20k HELOC on the SFR for the downpayment and plan to pay that off within 12-18 months.

I understand that this money is borrowed money, so I dont want to have it locked in a deal for a long time and pay the interest payments.

That’s a long vacancy.

@Claudio Garcia Zuniga, there are so many aspects that I can highlight, but long story short, renting the home will be way less of a hassle than rent-by-the-room; however, your return will not be as significant.

Hi All,Can anyone who's gone through the Davidson County, TN Owner-Occupied STR permit application process tell me how long it usually takes to get approved? 

Long term owner occupied?

A comprehensive financial plan should consider both debt repayment and investment strategies for long-term financial health.Thank you!

And you can combine different exchanges from different owners as long as each exchanger is purchasing a tenant in common % of the new property that is at least as much as they sold.But you cannot 1031 a primary residence. 

Assuming that no debt is involved, Is paying that cost necessarily better than paying the tax on your long term capital gain in the property?