Your principal residence is the place where you (and your spouse if you're filing jointly and claiming the $500,000 exclusion for couples) live.You can only have one principal residence at a time.

U gals are just speculating Need to unwind this how it actually happened and if there was a transfer of title that was or should not have been allowed and if there is insurance for the buyer..

The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd househack, you can use conventional and the rules that I mentioned above will not be a concern.

I know here in oregon were U have a lot of Nursey stock.. those leases even survive a foreclosure ask me how i know that one LOL

Person A would need to stay on the lease and be jointly liable for the rent unless they would like to pay to terminate the lease entirely (if you have a lease termination option. 

In the context of rental properties, if you incur a net loss in a tax year, you can use that loss to offset other income you may have in that year, and if the loss exceeds your total income, you can carry the remaining loss forward to offset income in future years.The Tax Cuts and Jobs Act (TCJA) limits the deduction of net business losses for individuals, estates, and trusts to $250,000 ($500,000 for married filing jointly) for tax years 2018 through 2025.

@Jay HinrichsDisregard I thought u we’re talking about a construction loan

Whoever coached you into that when you bought it steered you wrong, and now 4 years later you are seeing how it's problematic when it comes to an exit or refinance.Without the LLC, if you were on title jointly, even with the loan just in your partner's name, you could have just done a cash out refinance into your name, without the hassle of a purchase transaction and down payment.As it stands now, assuming you are 50/50 owner of the LLC and not a majority owner, the only way to do this is a purchase transaction to buy the property from the LLC.

[Joint Center for Housing Studies]Mortgage rates are back near 7%.

As far as coursework for licensing, I used Real Estate U to get my license in NY.