I lived in the house with my siblings (who pay me enough rent to cover the mortgage) for 3 years, until 3 months ago when I moved to Phoenix.

Every investor is different on what they want covered, so really you just need a good agent who will discuss the coverages with you when you set up the policy. 

@Tony Thomas no advantages that come even close to covering all the expenses and paperwork headaches!

If it is attached to the privately owned property it could be covered very easily and in some cases the coverage would be included in a standard homeowners policy.  

The great thing is, if one unit is vacant, you’ve still got others to help cover the mortgage.

@Tony Thomas no advantages that come even close to covering all the expenses and paperwork headaches!

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).

Keeping good relationships with lenders in your buying niches can help you have yourself covered without wasting a ton of time! 

., payroll, invoicing for non-rental income), you might want to keep both.Ultimately, it depends on your specific needs:For property-specific accounting, Buildium is likely enough.For broader business finances, consider running both or consulting a CPA to see if Buildium covers all your requirements.

The IRS focuses more on discrepancies, missing information, or suspicious patterns rather than the sheer volume of the return itself.It’s great that your CPA is knowledgeable and has handled IRS representation before.