But for most owner occupant homeowners, a significant part of not most of their wealth is acquired through 30 years of ho,e ownership.  

@Russell Brazil appreciate this Russell so trading a possible issue for a definite issue.

We'd like to identify a long-term city/trade area to invest into 3-10 SFR of multifamily rental units (in 2021) and continue investing into over time (goal would be 1 property per year).

Meaning a person can be both dealer and investor.To determine if the taxpayer is a dealer three questions must be answered:(a) What is the taxpayer's trade or business?

Investment Info:

Single-family residence buy & hold investment in Chattanooga.

Purchase price: $160,000

Cash invested: $70,000

Successfully bought and renovated a single family home in booming Ea...

I recommend Ryder Byrne he helped get me the bridge loan that I needed to make this deal possible.RYDER BYRNEACCOUNT EXECUTIVE(424) 336-7972 (424) 343-9605NMLS ID 1654988 www.ryderbyrne.civicfs.comCIVIC FINANCIAL SERVICES2015 Manhattan Beach Blvd.Redondo Beach, CA 90278

I personally that you have to pay taxes at some point unless you are going to take it to the grave with you which is not very practical due to the following.1) The 45 days is almost impossible to execute.

Should I prioritize paying down current mortgages as fast as possible with any additional income vs. leveraging investment properties to buy an additional property vs. selling our old home to trade up (e.g., buying a vacation rental in a high-demand area)?

-Demo kitchen cabinets-Remove all fixtures-Demo old bathroom tiling and fixtures-Have digging/tunneling prepared for sewage line replacement-Pressure wash outside of house to prep for paintWeeks 2 & 3-Complete sewage line replacement-Begin Landscaping design-Replace entire homes fascia boards-Remove popcorn ceiling textureWeek 5-Have exterior of home painted-Roof leaks should be repaired by nowWeek 7-Have new lighting and fixtures installed-Tile Flooring throughout installed-Replace drywall boards as needed-Paint interiorWeek 9-Kitchen cabinets/countertops and island installed-Bathroom tiling completed-Shower doors installed-Detail work inside-Electrical outlets upgraded-Front Door replaced-Vanities/bath fixtures installedWeek 12-Install appliances-Install Fencing where needed(using about 80% of the neighbors white pvc fence as a privacy, will match)-Paver driveway to be completedWeek 13-Stage for marketing photos and open houses-Accept offer at 110% of list priceI know this is a brief run over of the work, but any advice in planning/ executing is appreciated.

Also, if you have experience of any sort explain to him why you are capable of executing the business plan that you come up with.