According to my CPA you can only avoid the capital gains tax based on the % of the building you lived in.

I want to make sure I am not missing anything major and that I have all my bases covered.

Also you vetting a tenant is crucial here:In these types of leases the tenant is responsible for paying not only the base rent but also all additional expenses associated with the property, including property taxes, insurance, and maintenance costs.

With tax savings on your W2 it can be very advantageous for wealth building based on your situation.Happy to help.

There are not a ton of rental properties in the area but the price seems decently competitive based on the few other townhomes I see on realtor.com The photos in his listing are not great. 

You can filter the data you are looking for based on whichever markets are in your list of potential candidates.https://www.zillow.com/research/data/If you are looking for more information about migration patterns and employment opportunities, I would recommend the U.S.

If you are maxing out with the W-2 associated plans, your Solo 401(k) would be limited to accepting employer profit-sharing contributions based on your real estate commission earnings.There are several solid professionals who specialize in Solo 401(k) plans here on BP. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

I live near Brooks City Base and there are great areas around there.

View report*This link comes directly from our calculators, based on information input by the member who posted.