I will consult with my ground team there and see what they have to say.

I'm currently working as an actuarial consultant in the health care sector, but my long term goal is to transition into real estate investing full-time.

I've been listening to Bryan Ellis for a few months now and have had a couple of consultations with him as well.

I'd suggest listening to BP Podcast 109 and consulting an attorney.

@Jennifer PereiraYour post above illustrates precisely why it is advisable to consult with an accountant and attorney and plan before purchasing your first rental.  

The de minimis exemption was clearly defined in commentary as applying only in situations where someone who had owner occupied a residence have the option to seller finance a home they had occupied and chose to sell and finance, and, in the case of inheritance of a residence or residences (up to four) to sell and owner finance those homes.Given that stricter Federal Law supersedes less strict state laws (and visa versa) any of the older state laws on the subject are now mute.Rishel Consulting Group is a consultancy on chattel seller finance nationwide.

I graduated Ohio State University as a Finance major in 2012 and then went into Technology (SAP) Consulting.

I'm currently looking for a path that can allow me to quit my engineering consulting job and invest full time.  

That is out of my area of expertise and should be consulted by that qualified attorney you mentioned in the beginning of your post @Ryan Herald. 

(Here is the part of the thread where I tell you to consult an attorney and disclose that I am not an attorney....so do whatever you want)In any event this topic has been discussed hundreds or thousands of times on BP.