The other home sounds like more of a set and forget type - move in and then get back to living your life as you see fit. 

For your main audience, travel nurses, a well-designed one-bedroom space with a larger living area could be ideal.

It is a great place to live and invest.

Hey Billy, you said you'll be living in one of the units...Are you local now?

Looking to buy and hold in South Florida specifically Miami-Dade and Broward County since I live here. 

My mom has one home in SC that she lives in and another home in GA in which i live inside of. she wants to get a loan from the condo in GA in which she has 150k in equity.

This can give you bigger tax deductions sooner, which might help balance out the tax you owe on your sale.Capital Gains Exclusion: Since you lived in the property as your primary residence for at least two of the five years before selling, you might already know about the $250,000 (single) or $500,000 (married filing jointly) exclusion on capital gains.

I plan on buying, rehabbing, and living in the home for at least 2 yrs.

Whether you live in the same building, next door, or two states away, it is important to set boundaries with your tenants.

We both live in Ohio, but I think there are probably tax and legal benefits to registering in another state, such as Wyoming.