Hi Michael, appreciate your honesty in your post What Area are you currently residing?

Investment Info:Single-family residence other investment.

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

As European residents, we directly manage investments, leveraging the fiscal and legal advantages available in the EU.

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

I intend to get a single family residence, add an ADU, live myself in the residence and rent out the ADU as a studio apartment long term.I have checked my city's ADU laws and long term renting is permitted.Question : can I obtain the REP status while maintaining the ADU while it is in my primary residence?

If appreciation is part of your long-term wealth-building strategy, holding onto this asset could be wise.That said, if your main goal is to aggressively pay down your primary residence mortgage, selling could make sense.

Our current plan is to purchase our first home and live in it for 2-4 years before moving to a new home and using this first property as a rental, so my fiance and I are currently in the market for a home that we could use as our residence during the offseason and then use as a short term rental or something like that while we are away for 6-7 months.

I reside with my family in Matthews, NC. 

@Jason Davis The residents will ultimately have the final decision on the Nov 3rd ballot.