And once you convert it into your primary residence it is no longer eligible for a 1031 exchange. 

Is our primary residence and is a long term live in flip. $490k mortgage.

Investment Info:Single-family residence buy & hold investment in Crowley.

If your PM is handling the furnishings/decor, then I would not worry too much about the placement.

Hey Chris would love to visit.  100% of my business is helping clients in all 50 states with purchasing vacation homes/STR properties. 90% of my clients use the 10% down loan because the lower down payment requirement and rates/cost similar to a primary residence.

Investment Info:Single-family residence fix & flip investment.

I rented out my first primary residence in Morrison, CO in 2018, and purchased my first true investment property in Highlands Ranch, CO in 2019. 

A 1031 exchange is NOT available for owner occupied property so that’s the bad news.The good news is for owner occupied primary residences, for married couples, the first $500,000 of pain is tax free.No need to worry about a 1031, live in the house, sell it, use the $500,000 exclusion and you pay KP tax on whatever profit may exist,2.

Primary residence loans are less risky than investment property loans, which is why they have more favorable terms than investment property loans.

Investment Info:Single-family residence buy & hold investment.