If I were to go this route I would clearly identify each of these risks individually, understand how the Govt would potentially challenge each of them and then assess in your particular fact pattern how you would effectively rebut a challenge to each. 

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Localize City (Homebuyers and investors who want a deeper understanding of neighborhood dynamics and potential risks) 8.

It’s not just about luxury anymore; it’s about creating spaces that adapt to the future and the people living in them.For investors, understanding these shifts is key.

@Lisa Bowles research what happens to your property taxes when you convert from primary to rental.Same goes for homeowners insurance.Start learning about tenant screening NOW, so you're prepared when you need it.Research and find a good lease - be sure YOU understand it thoroughly!

As I understand it 100% deduction on expenses that are soley related to the business or the rented unit, 50% deduction on expenses that relate to the general property as a whole ( mortgage interest, insurance premiums, common area repair expenses).

Asking the MF Group     What's your purpose here, is it to grow your:- Network- Knowledge - IncomeI understand ultimately that these seemingly unrelated dots ARE connected, but why are you here, this is a great opportunity to share your story.

I understand that I need to prorate my expenses based on the square footage that is being rented out.However, I plan to move out soon and rent the entire house.

The main reason I'm asking this, is to understand how much cash I need to save up in reserves before pulling the trigger on a deal like this?

Could any of you please advise us (not legal I understand) if setting up an LLC or these homes in a trust, etc would be beneficial?