Start by talking to a cross-border CPA and attorney to handle taxes and legal structures properly.

You payment is $2,600 plus tax and insurance.

When you live in that duplex for 2 years and then sell you'll be able to take 50% of the profit tax free (the allocation for the side you lived in). 

I'm so excited to hear the Maximizing Your Tax Benefits session!

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

Immediately, I performed a Roth conversion, and instead of paying taxes on $50K I'm paying taxes only on $21K.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

At a 37% tax rate, this creates around $117k in tax savings, reducing your taxable income from $700k to $583k.2.

I then would have my tax cpa enter in or do it after discussing tax based items (depreciation- MACRS, reserves, year end accruals, reserves, etc.).