If you're refinancing to a business purpose loan that's totally fine, but chances are good you'll need a lease in place for the unit you were occupying so the lender feels confident that it's strictly going to be used as an investment property.

@Vivian Huang  Town or beach it depends whether you're buying for investment purposes or for yourself or both.I'm buying mostly for investment purposes.

Held in my property entity that I purposely keep a low balance and doesn’t show a lot of income.

If the purpose is to avoid probate, then everything should be in the trust.

“A QOF is an investment vehicle that files either a partnership or corporate federal income tax return and is organized for the purpose of investing in QOZ property.”What are the benefits of buying property in an opportunity zone?

For illustration purposes, two identical homes on the same block with a FMV of $100K are listed.

Remember the purpose of a proforma is to determine if a deal pencils broadly, so getting extremely granular doesn't add anything useful.

Businesses are the opposite: their primary purpose is cash flow and while you can create a sellable asset, anyone who has ever tried to sell a biz knows it's a lot harder to sell than real estate. 

Nicholas depends on what your ultimate purpose and goals are.

.✅ Any home built before 1980, likely has cast iron or clay sewer lines which will deteriorate over time.These issues can be avoided.