I wouldn't suggest you buy a single-family home to live in because the additional cost outweighs the benefits.

Make sure your real estate agent isn't just about closing that one deal but understands the benefit of protecting you on each purchase to ensure that you keep buying because you are enjoying success.  2.

No you won't benefit from the tenant paying down your mortgage or the house appreciating, but you also won't have to deal with tenants, maintaining the home, etc.

That's why they keep having to adjust the clocks with leap year and at other times as well because these rules of thumb are not perfectly accurate.

Getting the federal return correct is the most important and with owning two properties, there could be some positive tax benefits.

The LOC adjusts each year.

It will familiarize you with the basic terminology and benefits.

So there could be benefits from starting a new lease for that reason.

And quite frankly, there might not be a benefit of refinancing for a while.  

If you plan to own real estate for a lifetime, this can be a huge benefit to your heirs.