If interest rates remain above 6%, we could continue to see homebuyers and home sellers coming to terms with the ‘new norm’ in mortgage rates.

As the value of my primary residence has continued going up, I've now closed HELOCs on it THREE different times.

The remaining $3,000 rolls into your replacement property and continues to be depreciated.

I should hired my instructor to fix it but not go for insurance (since I didn't have insurance at that time). 

Using the equity from that project, I continued to invest in more properties.

Our idea is to continue living in our unit and have our next-door neighbor (attached unit) pay us rent, which would help cover our new mortgage.

@Nick Benedick I've invested with Rent To Retirement for years now and will continue. 

Focus on building equity in your new primary residence and continue to manage your rental properties efficiently. 

You also might want to consider using the general asset account (GAA) as a strategy to possibly continue depreciating the property before demolishing and rebuilding.Obviously, once you convert the investment property into a personal residence, you lose out on any further deductions from a P&L standpoint.Feel free to DM me if you have any further questions.

., and there is continuous population and job growth!