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.

Investment Info:Single-family residence fix & flip investment.

However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

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.

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

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

Hey everyone,My name is Peter Firehock, a lifelong resident of Alexandria, Virginia.

Working for DSNY we have residency limitations.

I am a life-long resident of the St.

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