Capital gains would be 0 because he has not hit the threshold for gains on a primary home sale.Dad’s remaindership share (portion that was my brothers) is 35% and carries a $0 cost basis.  

Hi all - new to the Bigger Pockets forums, so apologies if this has already been asked before, but wondering if anyone here has experience renting out. a private room in their primary residence?

. #2 reason is that rentals already bypass self-employment taxes (usually) which is the primary benefit of an S Corp (reduce SE tax plus PTET possibility).There is zero harm leaving it in the S Corp just don't revoke your election.

This way may let the owner get a residential loan on the property as their primary residence.

Not saying this will be the primary way to find good deals, but it can definitely be used in tandem with the other lead generation methods.Faith Hill

@Christina Marchese there are multiple programs out there for a primary residence to get you to 100% using Down Payment Assistance depending on your state.

I have a primary residence currently am open to making that a rental also.

(the same loan you likely used to buy the now rental and your current primary) There is no reason no to use a conventional loan if you qualify because the rate AND terms will be better with a conventional loan then a DSCR. 

We own a primary residence and plan to stay here (house hacking is not for us), and have been saving scrupulously for the down payment of our first investment property, ideally a 2-4 unit multifamily. 

I currently live in my primary residence (2nd SFH).