Get very familiar with the eviction process in your market and follow things to the letter and quickly.Make sure to vet tenants thoroughly and pick wisely (and even then it is a gamble). 

Normal lenders to sell to the secondary market will not do these types of loans. 

We might just be looking at a "normal" market instead of a crazy hot market.  

Angela,Normally, If the client is renting the model house then they need a Renters Policy.  

She's back healthy now and working her two jobs as normal.

Small homebuilders building spec homes normally use the completed contract method.

I form partnerships normally in order to buy Brooklyn, NYC properties and I had bought several properties in NYC during the 2010 to 2017 period.Again, I want to state that this is my PERSONAL results so I don't want you to think this is the overall results in a vast area called the NYC MSA.

Keep in mind, taxes increase with the new ownership and then they change (normally go up) annually.

This would normally be taxable but since she qualifies for the sec 121 exemption it comes to her tax free and she reinvests the other $2.5 mil into passive long term 1031 compliant investments and that is her retirement fund.  

Would I file taxes normally i.e. as if I am only getting rent from the other 1/2 bedrooms and no other tax benefits when I sell?