Thanks Josh Do Not be another spineless jellyfish and let someone take advantage of you. 

There are tax advantages to living in the flip, as you can get a tax credit if you live there for 2 of the past 5 years.

Further more you need to consider your tax advantages as well as your cash flow and investing needs.General rule of thumb is short term holdings go long term loans.

My advice would be to absorb as much as possible by taking advantage of the free materials, which I found to be very straight forward.  

If you want something that is in one of the sought after and more expensive areas then you've selected the right area.

I was mad at myself that why I trusted them more and selected them.

What would be the best way to set up our business model allowing for the most protection and tax advantages.

Maybe not 20 years ago, but now yes.In that rent range you will need to be very selective on your tenants, the more amenities you can offer and the more you can weed out people over the phone etc, the better off you'll be.  

I myself have used this with two of units and it is interesting how 1 tenant has consistently taken advantage of our $15 early discount (for 700 rent) while another tenant disregards and pays just on time.

@Micah CopelandHi Micah, Im searching online by selecting my min and max price range along with #of of beds, baths with basement etc.