UDATED & CONVERTED IT INTO A 3BEDROOM

I converted the property into a 2-family 5 bdrm (2 & 3) which I house hacked for 3 years.

I converted the property into a 2-family 5 bdrm (2 & 3) which I house hacked for 3 years.

I am potentially interested in converting an existing Roth 401K to a self-directed account that allows for real estate investing.

Lease Option Investor and "broker-middleman" , also converting some rentals into these type of deals.

Curious if anyone has tax advice if a primary residence was lived in for 4 years, converted to a rental and placed in LLC for a year, then sold.

And if it is not RM1 - you would need to go through zoning variance, for which you would need to prove hardship and need to convert to RM1.

As long as anytime you sell the property you do another 1031 you'll never pay the tax.If you end up converting in reverse (later moving into the property as your new primary residence) you'll never pay the tax.Once you've satisfied the primary residence rules around conversions you'll begin to turn some of the tax deferred gain into tax free gain.  

The problem is most are in the olde, rough neighborhoods and are often SFR's that have been converted.

I have been looking into the idea of buying a SFH that needs a little bit of work and actually taking it a step further by converting it into a duplex.