Also, you'll be amazed at how many opportunities you are missing if you do not understand and recognize multiple strategies.

If you haven't already you may need to simply get in contact with a good local estate attorney who knows the relevant law/statute/case to quote or the specific person to ask for in order to get them to recognize your seller as someone who can discuss the account. 

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

So if you spread out the gain over multiple years to where you're only recognizing a small portion each year, you're going to keep yourself in a lower tax bracket. 

You can transfer the deed to whatever you want, but no conforming lender is going to remove your liability from the mortgage without a court order.You do have options:1) Stay in this home and buy the next to rent out using DSR loan2) Refinance to a DSR-type loan, but most won't lend on owner-occupied properties to avoid Dodd-Frank regulations3) Talk to a conforming lender to find out what income they will recognize when you rent out current property, that they will use to offset the mortgage payment on the property.

It will be really interesting to see the RE industry evolve as people recognize the value of this technology.

If house hacking is something you want to pursue recognize what you're getting into.

I'm from Cadillac as well, and you may even recognize the name!

This means that revenue is recognized when it is earned, regardless of when the payment is received.In your case, since the guest stay started in December and ended on January 1, you should recognize the revenue for the entire stay in December.