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Updated about 2 years ago on . Most recent reply
Can I rent a unit in a 2 family from myself?
I own 3, 3 families town houses in Brooklyn that are used solely as investment properties. I plan to buy a 2 family that seems like a good deAl and good property. My question: can I set it up as a rental property like my other 3 then rent one of the units from myself (and the other unit free market) and take advantage of depreciation etc?
I am reading a lot of conflicting information on the matter. Would love some more input!
Thanks
Most Popular Reply

You’ll get a better mortgage and maybe lower property taxes if you declare your half as owner occupied. If you live in it at least 2 years you will also have the option of selling without paying taxes on the gain of your half.
I see zero upside to renting to yourself versus buying as a primary 1/2.
Some states ex-empty owner occupant homes from some rules/restrictions as well. I believe fair housing laws are the same.