However, if you buy a primary residence, live in it for 2 years and then convert it to investment you can then sell it within the next three years and take both the 121 exemption and 1031 the remainder because you are selling an investment property and you can still document that you have lived in the property as your primary residence for 2 out of the previous 5 years.Regarding your last question - again you cannot 1031 a property that is currently your primary residence even if it was investment at one point in time. 

There are a few of us locals trying to start a regular happy hour, keep me accountable, gathering.

I own three smaller self storage properties like what you are talking about and love them.

Some day you're going to want to sell the building and some buy is going to check to see if it's a true three family :-) Good luck with your purchase! 

I've been told here judges think carpets last only three years. 

Three separate communities, around 3000 doors.Thanks for reading.

Complete at least 10 more hours on my real estate license course. 

keywords: Bend, Sunriver, Three Rivers Oregon, appraiser, appraisal, 

hi,So buying form auction normally requires a 24 hour close. 

If I'm having issues with the one property, I don't want three times the headache with additional properties.