My mentality has always been, rent low enough where you don’t lose too much but have the tenants long term. 2) how do I approach offering a price increase?

My wife use to clean rooms at a hotel before we got married and my mother and I were very poor and she was in bad health.

The mental health aspect is making it very tricky.Help, please.

He also doesn't share my mentality nearly as much.

My mom cant work at least right now due to health issues.We have been renting a condo all the time but now since I know quite a bit of real estate I have been telling them that renting tnalthough it was convenient due to different factors it has also been a waste of money.

.- Section 105 plan: Make yours and your family health expenses 100% deductible.- Augusta Loophole: An S corporation owner can rent his or her entire home to the S corporation for up to 14 days per year and get big tax deductions.

FYI it's generally going to have to be "dumb person and toddler" proof to close on the purchase ("dump person and toddler" proof is an easy rule of thumb for when an appraiser is required to call something out as a "health and safety" hazard), assuming you are getting a normal mortgage.

I need a mental adjustment and I need someone to tell me how it really is.

The idea in mind:Saving 100k in the next few years while living at home, paying off their mortage, leaving retirement a better possibilty for them as well as mentally relieving them from some of lifes stresses, and then ofcourse when they pass Ill get a higher percentage on the will and gain the appreciation.100k ÷ 170k .. is around 59% Id recieve of the final selling price.. ( The house has been valued at 500k)And then the 70k would be split 50/50 between my sister and I.

Plus cheap health insurance for the whole family.So I'll just keep plugging along.