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Updated about 16 years ago,
Investment property . rent half, live in half
Are there any special things to consider when looking at a property for both your primary residence and also to rent out the other half of the house?
I know that all the mortgage interest is still completely deductible.. and I would assume that I could write off 1/2 of the depreciation of the house. Would only half of the expenses/upkeep be deductible?
Any good rules or strategies to follow when looking at an investment property for both primary residence and also half rental would be really appreciated.
Thanks!