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Updated almost 9 years ago,
Primary Residence Benefits
Due to my mother's medical condition we are living basically rent free at my parents house. Unless/until we build a house on the same property or something changes it is unlikely that we will move out. So my primary residence is basically being wasted.
Are there any creative ways that I could use this designation on another property for loan and/or tax purposes? I'm assuming it truly means that I need to live in the house. What if I put an office and bed in half of a duplex? I want to steer well clear of trouble, but I wouldn't mind "changing my mind" post rehab and not moving in after all.