Plan on this being a live in renovation, ultimately preparing for the fall semester in August when tenants would move in. 

My family and I are planning to upgrade our living situation in a few years but we live in a HCOL (New York City) area so it’ll probably take that time to save up the down payment.

At the end of 2023, I purchased an empty lot to build a single-family unit, that I plan to live in for at least 1 year (rent or sell in 2025).

You could also try saving up more money for a down payment or living in a property with multiple units and renting out the others.

We live in New York and there are really no good opportunities for rental properties.  

I know there are pros and cons to selling my primary home to my LLC but my question really goes a little deeper than just tax benefits:I am curious to know if I sell my primary home to my LLC regardless of tax benefits; and then rent it back to myself (through another LLC) … technically I don’t have a primary residence anymore so I could buy a Multifamily or Apartment complex as long as I am willing to live in one of the units correct?

just wondering of any multifamily investors on here that live/invest in corpus christi,Texas ?

I live in Sacramento & own a home & trying to buy a rental property but prices are crazy high in my locality and even in the whole of California.

How long have these specific tenants lived in it?

The other obvious benefit is clean living and sustainability :) Let me know your thoughts!