I have had several Colorado LLCs (single member LLCS with one single family residential rental per LLC, so very small-time) for a decade, and always file my periodic report so am in good standing with the Colorado Secretary of State, but have only just heard that I need to file a BOI report before the end of the year.

Analyze the property's income potential and expenses and see how it shakes out while you live there and when you eventually move out. 

After half a lifetime of working and saving and investing in index funds while renting, im ready to make the jump into a new asset class.Looking to owner-occupy a multifamily in the city of philadelphia and hopefully pass a portfolio on to my kids someday.open to any and all advice!

MTR is less spend on furniture, less guests, and at that price point for a buy, will likely make more money and have less upkeep and management.

And I have access to value add and multi family properties if you are still looking.

Google search gives me these super wide ranges and mostly talking about adding a bedroom in a SFH, which I'm not sure if applicable to this situation of "moving/subtracting a bedroom from one unit and add it to another unit in a duplex". 

But if you are driving for dollars and looking for a home for yourself, you want to use this strategy:Write a personal letter to the homeowner and explain exactly what you are looking to do and why you are sending them the letter.

Would like to 1031 the cabin and assume loan on house but my monthly income is child support $1137 for 1.5 yrs and a lame income of $800/month.

Cody,It is not easy with low down payment and  with current prices, property taxes and rates to live for "free" these days in most of the country.

@Jonathan Greene infers from your use of the term "lease" that this tenant started off on with a lease for a period of time such as 1 year and then when the lease ended no new lease with signed and the tenancy continued as month-to-month under the original lease terms.