Investment Info:Single-family residence buy & hold investment.

Hello I needed some advice about my idea. I am located in new york city. I am looking to buy a condo or apartment in nyc five borough area or any neighbouring counties( Long Island, Westchester). The reason is because...

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I am a life-long resident of the St.

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. 

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. 

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.

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

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?

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