I don’t know about the Louisville market, but if you have to pay a bit more for the property than a traditional single family, it should be outweighed by the fact you will have a tenant paying hopefully well over half of the mortgage. 

I view it as the money I can pay myself.

Just want to clarify when Melanie wrote about selling at the date of death or within six months, that it appeared there will be tax implications after that time frame. 

Any small damages by the tenant he will make the owner pay for it and claim it’s normal wear and tear when it’s clearly the tenants fault.

Hi experts, I have a question about net passive income from rental properties.Say I have passive loss (say -X) from investment property A, but have passive positive (say +X) from investment property B.For tax purposes, can I pool A&B together to net them to 0 on the whole passive rental properties income?

I would suggest considering an investment that could help you pay off the HELOC quickly, given the high interest rates typically associated with them.

The amount of the refinance was enough to pay off the bridge loan.

Just an example is property taxes. 

However, the tenant made a big fuss about it and refuses to pay the higher rent.  

People who are able to work their business or job remotely will choose a vacation style locale to live like Florida where we have great weather, no state taxes, and a very low tax rate compared to other states.