I plan on living in one side and renting the other side out. 

@Kevin Wood: For those temporary and permanent differences accounts, move them to Other Income and/or Other Expenses and see if you the reports works for you. 

Run the calculations on the expense of doing a refi at a slightly reduced rate vs. keeping the current loan for whatever period of time you think you will hold this house.

I THINK you could probably just expense your deductible if insurance didn’t cover 100%.

Built in 1905, this property features a total of 2,832 square feet of living space, divided into two units.

I specialize in STR & Co-living concepts, which I recommend for the highest rental income potential! 

Anyone that is looking at your assets is always going to need to factor in property management, so you can show that as a real expense (and really make it as high or low as you want).I work in a vertically integrated real estate and development company, and I cannot imagine how things would run if we did not have an internal property management company that essentially works for the other companies but also stands on its own.

Getting right to the purpose of my post, with all the relevant context: I’m 52 and living near Seattle.

We are currently living just south of Boston and are looking to purchase a 2-4 unit property in which we would live in one of the units.

I’ve lived in Cape Coral since 2013.