I finally finished the renovations  on my gorgeous house (that's what everyone else says anyway) and I'm renting out the 1 bedroom apt below and just started renting out rooms in the main house where I live. 

My main points on new construction is its location and demand it needs speed with a good scope of work and plans and good contractors. 

The main thing is that you could get your money back faster.  

Ideally the main goal of using the BRRRR strategy is to be able to use the same bucket of money over and over again to acquire endless number of properties.  

Your intention matters a lot here- be sure to talk with a real estate CPA who knows your entire situation.

INTERESTING that it appears (to me, anyway) that they made that clause intentionally vague (i.e.

Mainly beacaue the high insurance costs prevents our desired cash flow. 

I have been mainly a lurker for quite a few years now.

But at the same time, all this is just so I maximize my profit and I want to use all the perks this strategy gives you - NROP as high as possible, higher long-term cash flow, almost hassle-free landlording, etc.My main goal is short-term high cash flow, not the equity.

You (the owner) must reside in the house for 2 out of the 5 years prior to sale to get the sale tax free.Unfortunately you're also on the bubble for a 1031 without some clarification of intent.