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I am all for owning your own residence, but really it comes down to your current situation.

Investment Info:Single-family residence fix & flip investment.

I am in the process of getting a HELOC on my primary residence at the moment.

All the tax deferral of the 1031 and still using it to purchase your next primary residence as well.

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.

Because they were primary residences, we had homesteads on all of them.

Investment Info:Single-family residence fix & flip investment in Kenmare.

Investment Info:Single-family residence buy & hold investment.