The house Is In california.MelInda Directly, no.... indirectly yes, if the seller is cooperative.

Being a lender myself, I can say one of the biggest issues investors tend to run into as they plan to build their portfolio and want to finance multiple investments, is how their current rentals are shown on the taxes which indirectly affects their DTI which affects their loan approval.

As a follow-up to my own post, this is the verbiage I'd developed, which others can comment on:The increase in value of Separate Property, regardless of whether such increase or decrease is due in whole or in part to the direct or indirect contributions of either party and whether such increase is passive or active.

You can start getting leads in 2 days on Google, and in 2 months in direct mail.  

Ic not, he needs to read them or hire an attorney.Here in FL a contractor not in direct contract with an owner (the PM Might be considered an agent of the owner in TX) must submit a Notice To Owner form to the owner within 45 days of Beginning the work, and file any Mechanics Lien within 90 days of completing the work, along with s Demand letter 10 days prior to filing the lien.

@Don IrelandOwning a duplex that you plan to househack is likely up there in complexity when discussing tax returns.When you acquire the property - you will have acquired an investment property in addition to a personal residence.As such - direct expenses related to the investment property and indirect expenses related to the investment property will be deductible when calculating rental income.I agree with Ashish - that you should open up a separate account that relates to expenses paid for the duplex.

Househacking can be a little complex for tax purposes.You have a primary residence in addition to a rental property.You are eligible to deduct direct and indirect expenses related to your rental property.Direct expenses can be considered items like repairing an appliance in the rental unit  or doing the flooring in the rental unit.Indirect expenses are items are items for the full house that you would pro-rate to your personal residence and your rental property.

As such you may be eligible to capitalize/deduct expenses directly related to the investment property and those that are indirectly related to the investment property.Items normally paid to acquire a property such as a home inspection and title costs are capitalized and depreciated over its useful life.

What a Broker is in Wisconsin: (2)“Broker" means any person not excluded by sub. (3), who does any of the following:(a) For another person, and for commission, money, or other thing of value, negotiates or offers or attempts to negotiate, whether directly or indirectly, a sale, exchange, purchase, or rental of, or the granting or acceptance of an option to sell, exchange, purchase, or rent, an interest or estate in real estate, a time share, or a business or its goodwill, inventory, or fixtures, whether or not the business includes real property.

Again I believe this is in direct correlation to your strategy, goals, location, funds you have available, etc.