IMHO anything other than a clean contract negates or nearly negates the premise we are operating under- which is a bird in hand is better than two in the bush.  

We are really busting our butts on the units we have because we can have them paid off in 5 years from the point of purchase.We use airbnb.com as our primary reservation portal.  

If I can sell the current home, then I don't think there's an issue since it's my primary residence, and any profit would be allowed to roll into the new one.But if I turn it into a rental - then do I have to pay taxes on the profit from the original purchase price ($60k under market value) and the sell price?

You will also want to contact a few insurance companies to get quotes as vacation rental policies can sometimes be more expensive than on your primary residence. 

It would be devastating to overextend yourself and have the unexpected occur on FOUR projects, to the extent that you are unable to rent them and now you are stuck with four house payments, insurance, taxes, etc. and I assume you plan on having a primary residence, so five payments.

I own a rental in my own name, because it was my primary residence that I converted.

Hey all, I'm stationed in Germany and am sending mywife nback to Washington state due to some medical issues with my daughter.....we would like to buy a multifamily home with VA for her when she arrives and then move ...

I do understand everything you are saying, especially regarding the contract, and that is the primary argument for wholesaling as being legal (which I agree it should be). 

I have a SFH (primary residence) and a lot in my name so I mentioned that we should probably form an LLC so I can protect my assets.

He has lived on the premises for 7 years and left in June.