Additionally, filing establishes a record of your business activities, which can be beneficial for future deductions or tax compliance.This post does not create a CPA-Client relationship.

No conditions regarding future construction. 2.

Good morning,I do have a question that I wanted to get some insight if there are any glaring cons in my thought process/future action.

From a credit perspective, house hacking also helps you build strong cash flow, which can make it easier to secure financing for future deals.Additionally, if you're targeting high-appreciation markets, you could also look into cash-out refinancing down the line to pull equity and fund additional investments.

I'm actually considering moving from my personal residence in a somewhat distant future so I was planning to test the waters before making the leap.

In the future, please have all this lined up before you submit a contract.

Once that reserve fund is established, move all future cash flow to an investment account.

Hey @Jon Averette congrats on being a future dad!

When you bought this property did you intend to rent it out in the future?

When you want to exchange in to a property that might make the perfect retirement home in the future.