Their agent, who was one of the worst agents I've ever encountered, probably doesn't understand how any of this works, probably talked them out of it.Was originally listed for $525k and we bought it for $443k with a new roof and a fairly long list of stuff being fixed at their expense. 

As for a potential risk,  Flood insurance is an ever evolving risk, consult with a good insurance agent on the ins and outs of flood. 

A property can be your Homestead without ever filing for the property tax exemption and although one is not supposed to you can have a homestead exemption and the not have the homestead protections 

Much appreciated.Respectfully,MattHi Matt, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

I have a half acre lot that's vacant in a new community that is growing really fast.

I am new into real estate investing as well and I am looking forward to grow my network, more if it is with other investors living in NY.

Each participant in her program has to commit to going back to school/job training and she works with them to improve financial literacy and grow their income.

@Brett Dudley - we have yet to see any court cases for what happens when an STR becomes a LTR, but the IRS looks at facts and circumstances... since you are on public record by posting here that your main concern is the tax benefit, it may not fall in your favor during if you were ever audited. 

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).