This is where most people start getting nervous. And, honestly, it's for good reason. Having good residents can make owning a rental house a breeze, but bad ones can make it a nightmare. Fortunately, there are practic...

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

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

And the big ones are: firepit lit after dark, a kitchen with fancy appliances, and of course, the amazing views if you have them.

I did that with my first two primary residences.

Quote from @Irina Badal: I heard for anonymity purpose it’s advisable to set up a personal residence trust.

Your primary residence - if you've lived in it for 2 out of the 5 years prior to selling you'll get the $250K/$500K tax free iike @Clint Galliano said. 

I used the proceeds of the primary residence I owned in NC to grow a portfolio of value add buy and hold here in College Station.

However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.

From what I read (last week when someone else asked a similar question), only foreigners who are permanent residences or some of those here on work visas are allowed to buy a home.