![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2492282/small_1736815060-avatar-dillang2.jpg?twic=v1/output=image&v=2)
9 September 2024 | 12 replies
So long as you plan to hold the asset for the next 5-7 years, the historical appreciation/principal paydown should be enough to cover costs of sale, should you need to exit.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2934807/small_1706653437-avatar-ashleyc429.jpg?twic=v1/output=image&v=2)
9 September 2024 | 13 replies
We are W-2 employees with pretty straightforward tax filing at this point.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3107421/small_1724620105-avatar-michaelm3555.jpg?twic=v1/output=image&v=2)
10 September 2024 | 8 replies
If this is an estimated tax payment for your tax return you file in 2025, they certainly aren’t going to place a lien for simply not making that payment on time.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1439617/small_1694699737-avatar-andrewc487.jpg?twic=v1/output=image&v=2)
9 September 2024 | 12 replies
Then I usually update the financials I keep on hand to align with it accordingly.I'm a CPA but I don't even file my own taxes so please take my response with a grain of salt.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/45533/small_1621408343-avatar-dustinmichaels.jpg?twic=v1/output=image&v=2)
9 September 2024 | 9 replies
This way I suck them back in.In Texas when you file the Title or S.O.L Statement of ownership and location, there is a place to place yourself as the lien holder.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3106131/small_1724437886-avatar-payvandm.jpg?twic=v1/output=image&v=2)
13 September 2024 | 23 replies
It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3092283/small_1724614589-avatar-peterm585.jpg?twic=v1/output=image&v=2)
9 September 2024 | 9 replies
However, you must declare it as your principal residence, live there for at least a year, and disclose rental income on your tax return.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3083361/small_1725542988-avatar-joshc581.jpg?twic=v1/output=image&v=2)
9 September 2024 | 8 replies
Imagine your tenants paying 100% towards the principal owed for 5 years.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/702530/small_1660416876-avatar-nicholasl42.jpg?twic=v1/output=image&v=2)
11 September 2024 | 20 replies
Hi Michaela, have you had any more recent experience filing for non-conforming continuous use?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3106831/small_1725660012-avatar-pietrog4.jpg?twic=v1/output=image&v=2)
9 September 2024 | 6 replies
It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.