But the sofa with pull out in the living room as and extra.

I live in California but am looking more towards the East Coast for my investment. 

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.

Finance worker pays out $25 million after video call with deepfake ‘chief financial officer’ | CNN

I have attached a video link for reference.

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. 

https://www.phila.gov/CityPlanning/resources/Publi...pg 40/41"[1] When the proposed use is in an attached or semi-detached building, the household living use regulations of the residential district to which it is attached apply.

Hi everybody, I am new to Real Estate Investing and I'm so excited to learn together with you all on this exciting journey.I live in BC, Canada and would love to get to know more fellow investors from here and beyond!