Hi all,Wondering if there is a way to get out of paying capital gains on selling a second home for personal use.

The issue we have with some OOS investors is that they never have seen their property in person, they just leave it to the PM and object every repair bill.

House hacking will also give you some personal "property management" experience.

Building Codes and Permits: Insights on navigating local building codes and securing permits for this type of conversion would be incredibly helpful.Potential Pitfalls: Are there any common issues or unforeseen challenges I should be aware of when undertaking a project like this?

Does 78% of the real estate tax get entered for my "personal" taxes and then 22% is on the rental side?  

Just trying to start a conversation.  

That all revenue generated would have to stay in the company and couldn’t be used for personal things.I’m trying to find a way to use my God given talents and the only one I seem to have is in Real Estate hahaha.

Imagine the conversations between buyers agents and buyers when a buyer can't get the house that they fell in love with because the agent couldn't get their commission.

Mom could move in with elderly person and live for free in exchange for room board and cash salary?

House hacking will also give you some personal "property management" experience.