Remember, rental income is tax-free only if you rent for 14 days or fewer.The key to maximizing deductions is keeping annual personal use of your vacation home to fewer than 15 days or 10% of the total rental days, whichever is greater.

The maximum amount that the plan can permit as a loan is (1) the greater of $10,000 or 50% of your vested account balance, or (2) $50,000, whichever is less.

.• On any lot with an existing single-family dwelling unit, where regardless of zoning, the lot has any of the following General Plan Land Use/Transportation designations:- Residential Neighborhood- Mixed-Use Neighborhood- Urban Village or Urban Residential- Transit Residential or Rural Residential- Downtown- Mixed-Use Commercial• On two-family (duplex) lots and on multifamily properties• In a low-density cluster development if it conforms to development standards of the R-1 zoning district, and the development and use standards of the low-density cluster permit.Minimum Lot Size3,000 square feetNo minimum lot sizeMinimum Setbacks from Rear and Side Property Lines0 feet for 1-story conversions and new construction.5 feet for second-story ADUs constructed above a garage or accessory structure.0 feet for 1-story conversions and new construction.4 feet for second-story ADUs constructed above a garage or accessory structure4 feet minimum rear and side setbacks required for detached ADU in multifamily developments.Maximum HeightFor detached ADUs:Single story – 18 feet maximumSecond story – 24 feet maximumAttached ADUs are subject to the height limits of the main home.Single-family properties - No change in height requirements.Multifamily properties - 16 feet maximum height for detached ADUs.Rear Yard CoverageArea covered by the ADU, accessory buildings, and accessory structures, except pools, shall not exceed forty percent (40%) of the rear yard.Area covered shall not exceed forty percent (40%) of the rear yard or up to 800 square feet, whichever is greater.Detached ADU Allowed LocationsRear yard only, at least 6 feet away from primary dwelling.May be attached to a detached garage or other existing accessory structure.Must meet minimum setbacks for an accessory building in accordance with Section 20.30.500.No changes except that ADUs that exceed forty percent (40%) of the rear yard must maintain minimum 4 foot side and rear setbacks.

Then if I need to use a card, I will use whichever one is the best at the time.I could not find a fix rate card anywhere.I think that the banks are shooting themselves in the foot.

One example would be that 401(k) plans do allow for loans of up to 50% or $50K whichever is lower that can be payed back over 5 years with interest.

It provides a second 'soft' mortgage of up to 20k or 20%, whichever is greater, for the down payment.

For the depreciation, its the amount you actual took or the amount you could have taken ("allowed", in IRS parlance), which ever is more.Now, take you the price you sell it for, less any sales costs (commissions, concessions, title fees, etc.)

For example:Please visit my website to learn how Nouveau Riche University will teach you everything you need to know to become an investor at, most likely, a fraction of the cost and time it would take you to learn it alone.Student loans available.Best of luck to you whichever path you decide.Regards,Jen Silver, PresidentROI Capital Group, Inc.WEBSITE REMOVED"ROI Capital Group, Inc. creates Real Estate Investors.

I can head scratching over that.....Steve makes a great point that you could buy subject to, but that won't stop BoA from calling it due or foreclosing.....Tenants who have a valid lease can stay to the end of the lease term or up to 6 months under an existing lease, which ever is shorter with a lender foreclosing.

Prior to 12 months they will allow you to use the value of your purchase price plus documentable improvements or the appraised value (whichever is less)