Hey guys, I currently own my own primary residence and was considering selling (live in California with some nice appreciation) and using the BRRRR strategy for my next primary residence, keep it for a few years and do it again.Anyone doing this or do this in the past?

@Matthew WardYou are correct - Florida does not have an income tax on individuals.If you operate out of state - a portion of your income may be sourced to a different state.You may be required to file a non-resident state return in that state.The Federal tax return reports income that you earned from worldwide sources.

One was on my personal residence in North Riverside and the other was on my investment property in Lyons, IL.

I intend to use conventional financing for the first few, as I currently only have one mortgage at the moment (my primary residence.)I haven't narrowed down a target market, but so far, everything has me leaning towards Memphis for a starting point.

I owe 420k on the house (2.2k/mo mortgage) and live in the 4/2.5 upstairs while my renter (medical resident) pays $1375 to live in the MIL suite that is a 1/1 - it has separate entrance/exit.

@Joe G.I am not in anyway, shape or form benefit financially from this company, but when I was looking for a lender for my rental, I went back to the lender for my primary residence (Caliber Home Loans). 

Account ClosedYou can't claim it as a primary residence and pay yourself rent.

@Christopher PhillipsThe wholesaler sold this house 1.5 yrs ago, I saw the inspection report from then and as stated the wholesaler is a general contractor also and shared with me his inspection report of repairs made when current owner purchased, I feel comfortable that I've waived the inspection.The thought of a Lawyer has been thought of but would the lawyer need to be in the state of purchase or where I reside?

Not so much for tax reasons, but just for an overall investment/savings with the goal to pay off our main residence as soon as possible.We only have 9 years to pay off the 15 yr mortgage on the condo, which is the rental.

Have any Canadian investors tried to get a US mortgage through using friends in the US? If so, what was the process like and how did you go about it?