This will also give you the experience of home ownership, property management, and budgeting accordingly for maintenance cost, vacancies, and Cap Ex. 

In my opinion, wealth is built through stocks and small business ownership.

Do i maintain "ownership" during the lease option to satisfy the capitol gains exemption.Say I initiated the lease option at year 1. continued living there for the next year unit i reached my 2 years, move out and rent my old unit.

And by the way, the deed is transferred.

Hey All,I took ownership of a 7 unit bout a year ago and have steadily been renovating each unit.

In other words what are you doing that gets traction towards seeing financial benefit, income opportunities along the way, ownership, etc (tangible results where you see rewards for your actions?

You should now understand what the costs of ownership are and thereby be able to analyze investment deals that come your way. 

It says "If you repay the distribution it will be treated as a though it was a direct Trustee to Trustee transfer and no Federal Income Taxes will be due on it."

Its a small loan, so I'd imagine fees are high but...My apologies, I just reviewed with the lender and the major fees are:$2,850 origination charges$1,100 underwriting fee$1,949 transfer taxes$2,310 property taxes and homeowners insurance$900 homeowners insurance premiumTotal Loan Costs (A+B+C): $6,220Total Other Costs (E+F+G+H): $6,169My FICO is 714

In 2020 I paid a lawyer to transfer those properties into the names of the beneficiaries.