He took depreciation on the prop, claimed the kids I’ve had primary custody of, and likely pocketed the returns.I am in the process of trying to engage a communicative/experienced accountant to assist in cleaning this mess up asap and fortunately our amazing bookkeeper of approx 8 years is very knowledgeable and responsive.

But you will not get the full primary residence exclusion1.

As you know, the reason you qualified for an FHA loan/rate/downpayment is because you demonstrated to the bank that you're going to be using it as a primary residence for the first year. 

Or would you recommend paying off my home first and then saving for the rental after my primary home is paid off?

I already have a primary residence and another quadriplex, so this would be my second rental property.

There are a lot of issues with having JADU including finance issues if there is also an ADU, requirement for owner occupancy, that it removes space from the primary structure and usually lowering the value of the property such that it is common practice to remove the JADU when selling the property.  

I am looking to get some type of construction to perm loan to build a primary house for myself However, I’d like to get a loan that allows as little % down as possible and allows me to be the builder.

Look, I'm a broker and I make my primary living selling houses and small MF. 

Hello Friends,How long someone has to wait to rent primary home after purchase. 

Hey BP Fam, I had a thought about what would happen, and would it be worth it, to place my primary residence under my LLC and then charge myself rent to live here.