Purchase price: $264,000 Cash invested: $30,000 Used a conventional loan and "lived in" the property until "unforseen events" required me to move out.

This is what leads to the popularity of “live in flips” where you move in to the new property and spend 2 years fixing and upgrading the property before selling your primary home/flip tax free.

They are not publically advertising, they are not using OPM, and they are typically not licensed loan brokers doing this for a living.

I live in Georgia and he lives in El Paso, TX.

You don’t need to invest where you live.

Reduces your living costs a ton.

For tax purposes, does anybody have an idea of what this would look like as I would be living in one unit, renting one-unit long term, and then short-term renting one unit to maximize cash flow and write offs against my W2. 

So I bought this house for me as personal residence & did live there the 1st year.

Is there enough for you to live on?

We live in Seattle, so somewhere on the West Coast would be ideal.