Hey BP Fam, I had a thought about what would happen, and would it be worth it, to place my primary residence under my LLC and then charge myself rent to live here.

Evictions, resident's passing away, posting notices, doing preventative maintenance walk throughs, resident complaints, neighbor complaints, skips, move outs, turnovers, emergency maintenance, etc.I used to be strictly on the ownership side, from 2016-2020 I hired property managers.

My wife and I refinanced our primary residence mortgage

Looking at a property for a primary residence that has an income generating cottage (STR) on it.

Rents were higher weekly, than if they paid monthly. 25 units in Knoxville, TN with a mix of cottages, duplexes and a six unit efficiency.We converted it to monthly renters, lowered expenses, billed back utilities  to the residents.

Would this mean that purchasing an investment property in my name would be viewed as my first primary residence?

Mortgage points are interest expense deductible in the year you pay them for your PRIMARY residence or amortized over the life of the loan for INVESTMENT property.

VA requires you to occupy the home as your primary residence. 

New house:Won’t pay over $190,0006.525%, 30-year fixed, total payment $1138Could rent for $1500/ monthSo both houses could rent for the same thing, but which one should be my primary residence for tax purposes, depreciation, writing off interest, etc.

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