Each person’s core values are unique and shape how we live our lives and make decisions.

I own more units than qualifies for the exception and I don't live in any of my rental properties.2) 3x rent is illegal in Colorado now. 

Kinda feel I’m stuck with them but at the moment I have to live with it.

I would like to share a nightmare I am living lately.

Your first investment is best around your living situation.6.  

Hey @Deborah Williams, Multifamily Live is a virtual event from May 9-11th.

The problem with that is two-fold: first there are likely existing assets that are not replaced that qualify for shorter asset lives so you're leaving money on the table, and second you have no cost basis for the removed assets replaced in the remodel as they're intertwined with the initial building cost basis so you'd technically still be depreciating retired assets which is tax fraud. 

So from 2025, I’m thinking of living upstairs and running bottom floor (half of total RSF) as an STR.

Hey Mario, yes out-of-state investing can work well especially if you're in a high cost of living area.I invest in Detroit and live in California.

My goal is to live in this first property for at least 12 months (but realistically a few years) and have a roommate in the second bedroom to help offset the net costs.