The loan does need to be secured by the property being improved if we are talking about a personal residence and personal itemized deductions on Schedule A.

Kind of hard to see why you would not want to press this button and try to pay it down/off as soon as possible, if it's your primary home.It's very unlikely you'll regret purchasing a primary residence in Boston if the market rallies, and if the market downturns.

Unfortunately, going from FHA on the departing residence to a ne FHA loan can almost never work for a few reasons. 

I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.

Hello, I'm in Colorado and run the Denver Association of Assisted Living Residences.

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

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

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

Typical cost for the setup would be in the $15,000 range which would include production of the Private Placement Memorandum, Subscription Agreement, and Operating Agreement, Investor Qualification Forms, as well as filing Form D with the SEC, and state “Blue Sky” filings in those states where your investors reside. 

An ADU is a secondary dwelling unit located on the same lot as a primary residence.