After I finish school in two years I will either sell the property or hire a property manager and rent out both sections of the house.

Then when you PCS from Ft Bragg you can turn it over to PM and use it as a rental.I have known several NCOs and Officers that purchased a SFH at each of their duty stations; handed them over to PM and finished their 20 years with two sources of passive income.Highly suggest you look at the southern pines area if there are any deals; that is where you find the majority of the higher BAH earners going.Airborne!!!

If they go with a property manager, be sure that they are actively marketing their property rather than just putting it on their website.

Payments coming in after the exchange is over are going to be taxable.The only options you have are to sell the note while the exchange is underway so that you can take cash to finish the exchange. 

I am curious to know if they finished on time and what that timeline was and most importantly if they were licensed and bonded. 

Hey everyone, Jeremy Schultz, 24 years old, I’ll be finishing up school this July for law enforcement and don’t really know where I’ll be working.

My fiancé and I just finished paying off her large med school school debt, and we put a suite in our house last summer that covers our mortgage cost.

I haven't finished researching this, but this Lawyer basically lays out the thesis on this approach: http://www.jgutierrezlaw.com/uploads/Subdivisions.... has anyone here ever done anything like this?   

I see you are from Illinois and here is a link to their state website explaining that the property tax exemption is only on the primary residence:https://www2.illinois.gov/veterans/benefits/pages/real-estate.aspxHere is a breakdown of these laws by state:https://www.hadit.com/disabled-veterans-property-tax-exemptions-state/Thank you sincerely for your service to our country!

My team is finishing a project in Tucson for another out of state investor.