-I actually understand where this idea came from, but your memory fails you.

Just to confirm my understanding, you are living in a side by side duplex in Miami - you want to renovate the other side that you aren't living with a renovation loan?

Without a deep understanding of these elements, can you underwrite a deal via an algorithm ?

Quote from @Rick Albert: I would talk to someone who understands this and explains the probability of success.

So if I’m understanding correctly, if you sell your home within 2yr of purchase, you don’t have to pay capital gains taxes? 

@Katie Lepore hi Katie, I’m looking for a CPA that understands REI, can I get the contacts to who you know?

You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.

Its a great idea, but you will need to consult the township in order to understand their requirements for liveable space.

I understand real estate is a long a term investment strategy.

Having graduated from BC myself, I understand the charm it holds, which can be perfect for the right person.What year did you graduate?