When we sold the house for a large profit, it was difficult to determine who got what profits and the CPA struggled to navigate how to file taxes since I lived in the house for over two years.

We lived in Aiken for 1 year prior to that. 

I’d even consider finishing the basement, just well enough for me to live down there, so I could rent out ALL the units.I’d save all my cash and look to refi the property in 1-2 years out of the FHA mortgage, so I could use it again if necessary.

is my primary home I live in it, the purchase price for the house was $145k and I put 5% down when I purchased it. i been making 6 payments The house is located in Rockford il Most likely the answer is no if you only put 5% down.

I have lived in Truckee for over 23 years and understand the pain you can go through dealing with a local government where the answer you received on Monday is different than the answer you receive on Tues, Wed, Thur & maybe even Friday if anyone is working.

If you are living there you can keep the 4% rate.If you are not living there you can rent it out to pay for the property taxes. 

Here’s what I see as key factors for scalability:Population Growth: The area is experiencing steady growth, which usually drives demand for rental properties.Property Appreciation: Reading’s property values have been increasing, indicating it’s becoming a more desirable place to live.

Being willing to live in a property that needs work is a big plus for someone just starting out who has the insight not to bite off more than they can chew.

Living in a camper van for 3 years while working remotely is impressive — that kind of adaptability definitely carries over to real estate.

Any advice is welcome.Are you going to live in one of the units, or is this investment only?