There are some complicated rules regarding the circumstances in which you can qualify for the STR deduction against your W-2 income. 

In order to make sure the estimated rental revenue is in line with local market circumstances, you should also investigate market rentals for comparable homes in the vicinity.To determine the duplex's condition, do a comprehensive inspection.

A market that is both expanding and stable might offer an ideal setting for real estate investment and rental property ownership.Even while flipping and repairing may be more common in your area, the BRRRR method could still be a good choice if the circumstances warrant it.

Based on the purchase price and loan circumstances, your lender or real estate agent can tell you an estimate of these expenses.Rehab Costs: To determine the price of the duplex's required repairs and renovations, get quotations from builders or property inspectors.

Mention the circumstances under which the deposit might be retained as well as how it will be returned at the conclusion of the lease.Make sure you have enough insurance coverage for renting out a room by checking with your homeowner's insurance company.

Given your circumstances, it sounds like a lot to handle all at once.

Again, I am skeptical.For one thing a “Corporation” is not a “Company” and they have legally distinct meanings in formation.

@Michael AdamoPhoenix's real estate market is dynamic, and under the appropriate circumstances, house hacking might prove to be an effective strategy.

It is a distinctive school where 47% of students are economically disadvantaged and 50% are learning English as a second language.

I would encourage you to reach out directly and we can clear up any discrepancies or circumstances in which we may have not fulfilled our obligations to you.