I'm purchasing and developing a piece of land with residence outside of Portland (in WA)-Cash purchase-Current LLC. in CA-2018 capital gains offset neededWe're (Wife and I) purchasing a SFD, remodeling and living there if we enjoy the area; flipping it if we don't enjoy the climate.Per the 2018 capital gains sold to purchase the property, we need write offs, being a cash purchase we don't have the mortgage interest write offs that would help, (granted we're saving that interest over the 30 cost of the loan which is fortunate so we can't complain).

I am an eviction attorney in Illinois, NOT Kentucky.That being said, in Illinois anyone who has "established residency" must be evicted, you cannot just tell them to leave.

He's the resident 1031 guru on these forums. 

They tend to come to us looking for an Airbnb investment, realize they can't do it and then opt for a primary residence in which they can do this on the side.Anyway, good luck with whatever path you choose.

I would leave the turnkeys to us unfortunate primary market residences.

I will however be inheriting 3 multi families (once probate is finished). my wife and me are buying a short sale to live in as a primary residence, well it needs to be approved my the bank 1st. we currently have 1 quote form a mortgage lender with my current state of assets.my questions are 1. 

I’m looking at properties in an area in which I don’t currently reside. 

I’m a US citizen with an SSN, Canadian resident.

My question is- am I better off continuing to save and buy something bigger/better later down the road OR do I jump into this as a temporary primary residence and future long term rental? 

We borrowed against our previous residence of 2.5 years to buy another home and are considering converting previous residence to rental.