Partly because of the cost savings, but partly because of the knowledge you'll gain that will be important as you grow your portfolio. 

Take this with a grain of salt because I did no reading of this myself and not sure if I remember her words correctly but I think the requirement is you live in the same place for 5 years to get that grant.

Finally, always remember to steer clear of BIAS and discrimination when leasing to others— this is critical and can ruin you quickly.

However, remember that in order to defer all tax you must purchase at least as much as you sell. 

Thank you to everyone who chimed in, this has been SUPER helpful.I've been able to negotiate returning half of the deposit with the tenant so I am going to bite the bullet and pay that out of my own pocket.Going forward, I'll remember this as a lesson to make sure this is covered (I'll definitely be buying more properties in the future).Thanks again!

So remember, for legal and tax planning, a good CPA will recommend that clients hold their properties in an LLC or Limited Partnership and run their businesses as S Corporations to avoid self-employment taxes.

You can invest your sitting money, while continuing to grow that investment until you have enough to purchase your own rental property. 

As a fellow Marine and investor, it is great to see our presence growing. 

Also please remember what is a deal? 

remember my name ill be sure to say hello.