Establish Clear House RulesLiving with someone in close quarters can get tricky if rules aren’t clearly laid out.

., you get a 600,000 mortgage, but only have to pay a third or a quarter of that mortgage payment due to the income from the other units.

For Fannie Mae in my experience, you need to understand and plan for the quarterly and yearly reporting requirements along with the loan servicing inspection requirements. 

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Regarding taxation, talk to your cpa on how insurance proceeds then the sale of a property after being damaged impacts your cost basis.So for me, spend the $ to demo the property and sell the land.

We do MTR first quarter, just about every year. 

. $500 is for the quarter.

Come quarter one of next year, start connecting with lenders to determine your budget.

Hey Gustavo, The double taxation issue will likely be experienced by someone in your situation without the proper tax professional involved.

Where I invest, there is quarterly garbage fees LL pays, which get billed back to tenant.Sounds like this model would work for you too.