Some background, I am a first time, haven’t ever purchased a home other than my primary residence, want to be real estate investor.

( I have heard no)Could I do the 1031 exchange and rent out the house for a while and then move him back in as his primary residence and apply the property 19 tax base at that time ?

You do not qualify for ACT 60 in the STR market.

They will see the full scope of your financials and determine whether you qualify or not.

I will be discussing the growth of co-living investments and their potential to redefine urban living and real estate investment strategies in the nation.For those who don't know, co-living is a modern form of communal living where residents share living spaces while retaining private bedrooms.

Hi Sarah, there are a lot of qualified and great DSCR lenders and brokers on this platform.

The great part about this strategy is that because you are buying a small multifamily property, you can still qualify for loan products such as FHA (3.5% down) so the down payment necessary is minimal.

Even for flips/brokerage/wholesaling - there is minimal benefit in many cases to an S-Corp over just being a LLC subject to self employment tax, but getting the benefit of a 199A Qualified Business Income Deduction.Effectively all structures have very similar, if not identical, tax results. 

I have parents in CA that own rental property and their personal residence. 

Was the property their primary residence?