Take advantage of the Capital Gain deduction of $250,000 in primary residence per “spouse”.   2.  

This is an investment property of the seller, not their primary residence.

@Tommy Adeoye Wow, thank you for the thorough explanation.

I do have some balloon notes on a few properties, and I’m wondering if banks might see refinancing as risky since my primary income now comes from my rentals? 

My primary residence is an apartment I rent in Brooklyn NY.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

The property either has to be zoned a commercialZoning or - you have to own both HPR parcels and have one be a primary residence .

I currently have a single family home as my primary and two investment properties.

Even in HCOL areas, adding an ADU typically does not make sense because developing a single small unit is the most expensive residential development that exists.Adding an ADU is a lot of work (probably more than a brrrr but with worse return), has poor financing options, typically adds less value than the cost of the addition, and detracts something from the primary structure even if it is just yard and privacy.Good luck 

- The market is in a little bit of a lull right now (buyers market), its a great time to buy, but slower time to sell (my primary business is flipping houses) I can supplement my flipping business by providing project management services/consulting, helping investors find discounted properties, etc. etc.