I've been saving a ton since I was last on here, and have invested a lot of time into learning material and networking.I'll definitely look into these resources you sent over to me.

After operating the STR for the first year can we turn the STR into our primary residence for 2 years then sell and avoid capital gains tax and depreciation recapture instead of doing a 1031 exchange?

It's all paid off but rates are high so I'm not thinking re-fi at this time. 

How bad an idea is building for your first investment property? 

However, I recommend buying first and running a fully operational short-term rental business first or passing it to a PM company.

Thanks again for your time!

Hello, I've been looking into buying my first property and wanted to use a conventional loan on a 2-4 unit property.

I took my first attempt at BRRR and bought a house (Kansas City) for 200k, which will be my new residency, so I could use less downpayment and needed a second bedroom anyway.

I first envisioned having an LLC that would have all the properties in our portfolio.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!