Quote from @Micah Huffman: I am considering relocating to Nashville for a job promotion that would be a 20% increase in pay possibly more.

The last year we increased 5% points in occupancy.Our Marketing spend:                               2024                         2023SEO                       $18,000                 $21,000  Paying to get our website and location occupancy up as fast as possible from 0% to ??

Open to suggestions.Little about me I have a relatively higher paying public service job.

Typically who pays the for the utilities?

I am interested in paying off my loan balance on my Primary house ASAP as I pay a pretty heavy Mortgage every month.

Your paying $180 for nothing for now.

If you do it all above board, you would pay taxes on the rental income received and your daughter would be using post-tax dollars to pay rent which isn't the most efficient.

Tenant is profusely sorry and stays in contact, but that does not pay the mortgage.

However, electing partnership or corporate taxation could be seen as a sale, causing unintended tax consequences.

It'll be important to know how much taxes you're gonna be paying when you sell it.