I also checked in our executive meeting and your property is being marketed $100 above the range we gave you and has a resident application.  

Totally emotional questions but I tend to feel that paying off a primary residence earlier is better because you never know what the future holds for you and your income. 

I am a life-long resident of the St.

Pretty sure it works in reverse also - set up a Michigan LLC for the property above and you'll have to register it in your state of residency. 

The problem we are having this year is that IHA never stopped paying after the last two residents moved out. 

Also, I don't know if it would be worth it from a liability perspective either, but would advise to chat with an insurance pro/legal pro.When purchasing a primary residence, conventional loan guidelines will require you to take down the property in your personal name.When it comes to taxes, you'll likely be able to take the standard deduction AND itemize Interest, Taxes, Insurance, Depreciation, and expenses prorated based off the rented portion of the property when reporting the 1040 along with W2 income.

How long must you wait before being able to rent out a primary residence property from a lending perspective?

Quote from @Jason Ghent: Hi everyone,For the FHA, what about the case where you live in the primary residence but just rent out the remaining rooms?

Quote from @Jeffery Campbell: Investment Info:Single-family residence fix & flip investment.

I currently live in a single-family primary residence.