Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.

Offer to buy them a few indoor portable heaters until you find a solution. 

Investment Info:Single-family residence buy & hold investment in Seminole.

The other nice benefit of 100% VA disability is that you pay NO PROPERTY TAX on your primary residence.  

Investment Info:Single-family residence buy & hold investment in Fort Worth.

What are the biggest challenges people have faced with this. Also how do I make sure to get good tenants?

My idea is to put 20% down on a $1 million property, with the remaining $800,000 paid off over 8–10 years, depending on how much yearly income the seller would want.I’ve seen a lot of discussions about using seller financing for investment properties, but not much when it comes to primary residences.

After 25 months, If they can prove that they lived in the property for two of the past five years, they can sell it as an owner-occupied residence.

For example, incorporating energy-efficient solutions and smart home technology has been a game-changer in similar markets, especially when paired with features like office spaces that cater to remote workers.As for potential add-ons, corporate housing partnerships are a brilliant suggestion!

Invelo is a true all-in-one solution for real estate investors, built with industry-proven best practices.