The person worked for H&R Block, now works for TurboTax Live and is being honest about their skills: NOT QUALIFIED.

However, if you are profiting over 6 figures, the property might be too expensive to live in order to truly house hack.

When you live in that duplex for 2 years and then sell you'll be able to take 50% of the profit tax free (the allocation for the side you lived in). 

Don't use it strictly as a tool to turn the property into one you want to live in. 

If that were the case, I would sell my house and live in a tent because it's less expensive. 

Tended to leave off some categories of expenses completely5.

In BC there are extra taxes if you use the home for short term rentals (unless you are living there).

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $140,000

Cash invested: $24,000

Sale price: $220,000

I knew from the start that I was going to buy this propert...

I assume you want to live in one side of it?