If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.

Traditional bank financing with a construction loan for repairs

I have a primary residences that is in a great area that I’m looking to rent out within the next year or two. 

Louis because of the price $60k to $100K usually 3-2 bedrooms and 2-1 bathrooms to put for section 8, but a lot of people said bad things about it that make me scared We have the same screening process for Section 8 as we do for traditional tenants.

My primary residence, single family home and a large 7 bedroom duplex 

Do you take out a second mortgage on an Airbnb that you never wish to sell that’s almost paid off  or do you take out 100 grand against your primary residence.  

@Nathan M kiefer To mitigate taxes on a $400K W-2 bonus, maximize contributions to your 401(k) (up to $22,500 or $30,000 if 50+), HSA (up to $7,750 for families), and Traditional IRA if eligible.

My plan is to use my HELOC from my current primary residence as the down payment.

Short-term rentals in tourist-heavy areas can also outperform traditional rentals.

Or refinance for spending cash when it come time to retire.The advantage you have living locally is that you can buy a new primary residence every few years and keep the prior home for a rental.Good luck.