Hi,Not sure if this makes sense, here is my grand plan1) Buy few Duplexes/Fourplexes that give cash flow (around 5, and as many as possible)2) 20 years later with substantial appreciation, use 1031 to buy a million dollar home. 3) rent for reasonable period, say 2 years4) MOVEIN to the home, to make it primary residence. 5) After 2 years SELL. no tax for first 500K.

I'm considering keeping this home when we move into a larger home in the next year.Has anybody else converted their old primary residence to a rental? 

I also want to spend more time in real estate and go in the field as primary career.

Thank you for the detailed explanation !

I think it's ok to not live there depending on severity of rehab as long as it's your primary residence.

I represented a buyer looking for a primary residence.  

I am interested in following discussion threads re matters involving disposition of rental and investment properties pursuant to divorce.Because of the possibility of beneficial section 1031 tax treatment, I wish to follow discussions about conversion of residential primary homeowner property in part or full to rental property and tax treatment upon sale after 2 years or longer.I frequently am asked to provide consultations on these subjects when involved with divorce financial analysis.

I will rather leave that to those specially trained and equipped to handle them, while I spend my time on the things that matter most to me….my family, friends and leisure: this is my target.Let’s talk about the investor briefly:According to http://www.investorwords.com/2630/investor.html#ixzz3lvQW5IZP, an investor is an individual who commits money to investment products with the expectation of financial returns.His primary objectives are the returns from his investment.

They also look for 6 months PITI reserves on primary and 2 months for every additional homes.

Likewise another would be they are in between closings on their primary residence/commercial and prefer to rent in the interim than lodge/purchase in a hotel/storage.What is an issue is where they conduct business as such.