Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

The behavior is a bit off, but not surprising for a mom & pop landlord.We tell our residents exactly what we need from them for the application. 

It may seem easy to jack up rent but there is something to be said about good, on-time paying tenants.As an accountant, I always rely on the numbers.

However, if the market turns, it could add pressure and cause you to lose your primary residence.5. 

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

Quote from @Khon Kounbandith: The house was in good condition. 

The good news is owner occupying allows you to get away with things like this a bit more. 

Im basically looking for advice on how i can save as much on taxes as possible.Part of the property is your primary residence, which does not qualify for 1031 Exchange treatment.

Prioritize stable cash flow, good location, and manageable property condition, while considering strategies like gradual rent increases, expense reduction, and value-add improvements to enhance returns.

Investment Info:Single-family residence buy & hold investment.