Your landlord could also allow the charges to compile until you leave, then deduct it from your deposit. 

However:Capital gains taxes can be minimized through deductions like rehab expenses, holding costs, and agent fees.Alternatively, if you decide to keep the Mooresville house and rent it out, you could potentially defer capital gains taxes through a 1031 exchange, but this only applies to investment properties (not primary residences).

Hello @Kyle Luman,In the first few years, tax deductions like depreciation typically offset cash flow, depending on the rate of rent growth.I also want to comment on your statement: “Buy in appreciating areas.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

From my experience, to succeed in multifamily investing, focus on networking through local meetups, online forums, and professional connections, leveraging your CPA skills to analyze deals and optimize deductions.

The insurance quote is $1476/year, deductible $2500, 300k liability. 

And you simply deducted lot value then you got to write off 50% of the balance year one.. and there was no recapture after a sunset period.. this was the gulf opportunities act post katrina. 

After deducting your payoff, you've only got a little left over which would go toward covering refi costs (and you'd likely come up a bit short).

In addition, the tax implications are better on a refinance which you will be able to deduct. 

Once the municipal/state requirements are all set, do a thorough screening for any prospective tenants, have a solid lease ready to go, and take move-in pictures to have on record for any security deposit deductions after they move out.