Get all your ducks in a row financially so that when you are ready to invest it will go smoothly and will have many options.

If I were to do the PM what steps do I need to take to transition the current tenant over? 

Buying a property that will only attract transitional tenants may not be the safest option.

If you want to get in a good financial position, and your family is willing to transition, there's not a better time to even sell your personal home, let alone your investment properties.

Your HML may have a company they work with frequently that will make it a smooth transition so ask.

Your HML may have a company they work with frequently that will make it a smooth transition so ask.

Typically, you must rent the property for two years before transitioning it into a primary residence.

Your HML may have a company they work with frequently that will make it a smooth transition so ask.

@Chace Fraser to @Marc Rice's point...it's super local...neighborhoods are transitioning very rapidly in the Columbus market, so it's sometimes street-to-street...we used to use federal block groups to do our research...its the only way to get specific enough to make informed decisions...but general neighborhoods can provide you 80% of the accuracy...when you move to zip codes you reach about 60% accuracy...and looking at an entire city in aggregate is...well, it's not going to be a good indicator for decisions making. 

Closed over $20,000,000 this year with my investors, we'll make it smooth if the deal makes sense.