I guess when something has become second nature, it's easy to forget how valuable it is!

(You give people a chance to buy a MF with 5% down and then you crush them with the rate...)Living in your own investment will be a valuable experience as your management is right there, and addressing issues is not as time consuming.

@Connor ChanterI'm not a CPA but based on your post as long as your mom is the owner of the house in Michigan she should qualify for the $500k capital gains exemption.

I’m confident that everyone who reads this will gain a deeper understanding of PMLs and HMLs :))

We understand your time is valuable.

In a market where buyers a bountiful, sellers have too many other options to consider, before accepting an offer from someone trying to assume their loan. 2) Anyone who has owned their home for 3+ years is sitting on a substantial amount of gained equity from appreciation.

For taxes, if the insurance payout is more than your adjusted basis (purchase price minus depreciation), you’ll have a casualty gain.

You can also look at Schedule E, which connects to depreciation, though it won’t show the exact cost basis.Since depreciation affects the final cost basis, you might want to ask your CPA for a summary of your properties' bases to save time in the future.They should have a system where we can give you not just the basis but also a detailed gain (and estimated taxes) calculation within a day.

. - A 6 month renter is NOT something one gains on demand.

Aaron  do you have anything we could upload to the file place that might be valuable?