Good on your friend for suggesting house hacking a duplex.

We also have a house in Germany, but I do not think we can put that house in a trust.  

Seems to be decent on Airbnb with the guest house/ADU units with all the hospitals nearby.

House was purchased August 2024 6k sq ft 9 bedroom distressed home for 66k ARV around 330k in the middle of renovations all of the sudden the bank accounts are frozen and we now have no funds to finish renovation.

I also paid interest on the loans.Is the utilities for the house that is completed and rented a expense deduction for the year or does it go into the basis?

This influx of high-paying jobs (averaging $60 per hour) is expected to draw a significant number of professionals to the area, boosting demand for housing and various services.

Same with houses and the MLS.

My plan is to sell my primary home in New York and purchase a house to live in South Carolina.

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

But I bought 3 more houses with the cash and now cash flowing $3000/month vs only $1200/month with that one paid off house.