Tax Write Offs: There are certain tax benefit to house hacking because you blend benefits of primary residence with rental income.

What I'm really doing is creating a "workshop" space that's part of the house that can be used towards a business write off, but can also be easily converted to living space with plumbing/wiring already installed in walls/floors.

But I wouldn't issue a judgement as to if the best idea is to write it off altogether and say "just rent for a few years" without talking with him more first. 

Do you have that in writing?

If allowed, they should provide you something in writing and then you can share that with the post office so they can deliver mail to the second location.

You owe on the loan no matter what happens to the property unless some other agreement was made.Also, put things in writing even with family and friends. 

The principal paydown would be much larger, the appreciation and tax write offs would be better even with a weaker market because $1,000,000 down could buy a $4,000,000 property. 

I think I need to write my purchase contract to the trustees to see if they'd consider my offer as this is what the sister as the beneficiary and executor would like.

Any and all comments appreciated.So this is not only an ask, please write me if any of you want any information or advice about Panama.

I help with guests' communication, responding to inquiries, writing reviews, coordinating guests' check-in and check-out, and arranging cleaners for turnovers at far much lower prices.I'm new on Biggerpockets but I have experience working as a virtual co-host and I presently help to manage 2 properties in Atlanta, and they are doing great.