Also, I am guessing that due to the state of the house, it would not qualify for a conventional loan?

This means that your permanent residence is excluded (except if you are doing a house hack in which the part that is rented out is eligible for cost segregation).

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

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

The resident is great and the rent rate reflects that. 

Qualified Joint Venture reporting is not available in this situation.

Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.  

Quote from @Matt Wan: @Nick BelskyEven if a US citizen, you must still live and work in the US to qualify for a conventional or agency loan. 

Hi everyone!My name is Ryan and I am a new real estate investor out of Woodstock, Ontario, Canada. I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it ...

@Kris TohovitisI wouldn't recommend using your cash to pay off the mortgage on your primary residence since you can likely get a better return on that money by investing it.What's your buying criteria for the multi-family property?