So I am not the smartest person and some of the helpful replies in previous posts was above my mental capacity.My situationI own a home (homesteaded in FL) and have 2 roommates which help pay the bills.numbers - mortgage left 155k, home value 330k, current interest rate 4.125% on conventional with 24 yrs left on a 30 yrmonthly payment with HOA $1600 pcmI am wanting to either1) turn this primary residence into an LLC and purchase another property to move into and start the process again with the aim being to rent my current house out on an annual 12 month lease for at least 2 - 3 years as I was told that as long as I lived in it 2 out of 5 years I can then sell without paying capital gains (though this confused me and anyone wanting to teach this to me like im 5 years old would be greatly appreciated).

I don't think I would advise anyone do something or not do something because it might be a "red flag" - yes the IRS has plenty of red flags, but the audit rate on most of these issues is so comically low, that as long as you have a legitimate position - take it, don't not do it just because it might slightly increase your chances of an audit. 

During this 10 day period, you can buy directly from the banks with a pre-approval letter and proof of funds.

An often overlooked option...call the CC company and ask them for a reduced interest rate payment plan.

When you raise the rent the tenant may request an explanation and it’s very easy to explain that in order to continue to service them and respond to their requests you need to charge them more. if your average rent is $1,000 per unit and the average tenant calls 2 times per year why is it fair to the good tenants that this troublesome tenant to call 50+ times per year and pay the same rate? 

And, I average 107% market rate on rents.

If you are looking for funds to make infrastructure improvements you could try the SBA and/or do some research for any State financial assistance. 

. - I realize that contest window was long closed, but I acquired this duplex last week and was shocked to find these rates during closing as opposed to listing which did not show that.

It was also financed as a secondary home (I was told that there is no difference in rate in the current environment between a second home or a rental).

Hey All, With higher prices and current interest rates, investors are looking to different strategies to make deals work.