You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Check out stessa dot com.

It's a strategic move to secure long-term profitability and minimize potential hassles, allowing you to focus on growing your portfolio.

Credit unions have their own proprietary guidelines for their FTHB/first time buyer programs so they can arbitrarily make up guidelines that state upon move out of a primary we wont let you use rental income to offset the PITIA (monthly mortgage payment - principal/interest/taxes/insurance/assessments - PITIA) such that a borrower will have to qualify for not only the new property in full, but also the property they're vacating or leaving from at the same time.On the west and east costs or higher cost metros in the US like los angeles, miami, seattle, Austin, or other areas this can be the kiss of death for a deal even if you make 250G's a year (20.8k a month X 50% DTI = max 10.4k mtg payment) because housing is so pricey that even most high income earners will max out at 1-2 properties if they dont strategically manage their DTI or debt to income.In the OP's scenario above @Armando Montrond I would not touch my FHA mortgage since he says its at an absurdly low rate of 2.25%.

Our plan is to strategically sell off a portion of the portfolio and maximize cash flow with the remaining properties.What made you interested in investing in this type of deal?

Here are what I would consider to be 9 of the top tax credits available.Cost Segregation Study: A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

In my youth, I saw becoming a real estate appraiser as the strategic gateway to this goal, a deliberate choice aimed at gaining a comprehensive understanding of property valuation.

Interested to see where you go with this,  strategically.

I've completed two house hacks and plan to aggressively and strategically expand my portfolio in the next three years.

I'm strategizing my next purchase for Spring 2021 as well.My thoughts/answers to your questions:1.) 

Below are the biggest factors to consider when thinking about a basement conversion house hackThe Advantage of Basement ConversionsBasement conversions stand out as a particularly appealing option for several reasons:High Availability: A large portion of single-family homes in Colorado Springs come with basements, making this strategy widely applicable.Cost-Effectiveness: Basements often provide a blank slate at a lower cost compared to other types of renovations or property conversions.Simplicity for Beginners: For those new to real estate investment or house hacking, converting a basement can be a more straightforward and manageable project.Potential DrawbacksLike any investment strategy, there are cons to consider:Privacy Concerns: Living in a basement means less privacy and the possibility of noise from upstairs tenants or vice versa.But remember this is a strategic move to improve your financial situation.