And if you bought this property several years ago, then you probably already have a killer rate, so suggestions to refinance seem silly as you probably already have the lowest rate....especially if your refinance was completed as you were an owner occupant, and not categorized as an investor to a Lender.In terms of tax implications, again, it depends on what your ultimate goal is, but if you placed this into a trust, or even a beneficiary deed, it would pass through to a beneficiary who would not have to pay capital gains on it in order to sell it. 

Nature campaigns, direct mail, text services, accounting, etc all in one place. 

@Jadan WilliamsIf your job is flexible enough to allow you to live anywhere, that's an amazing place to be. 

I'm looking to make smart decisions for 2025, and this seems like a great place to start.

The main house is original (this place was built in 1924, very cool) and we rent it for $1,650/month.

Does it come fully furnished and ready to go or do you need to outfit the place?

It’s not a place where you can just buy anywhere and expect success.

This allows you to purchase a place at 5% down and renovate as you need to.

But man-alive, you are in such a GREAT place with amazing advantageous.

However, I happen to own 2 houses already on that street of older small 2/1s including the one next door that I purchased last summer in updated condition with a good long term tenant in place for $25k!!!