If you lived in the house long enough to be considered Primary residence you may have a Sec 121 exemption.

Hi @Brandon Morgan, are you looking to purchase as a primary residence or investment property?

Hey @Mordy Chaimovitz, whenever we have to seriously inconvenience residents, we've found that everyone loves a nice gift certificate!

I'm a resident physician and love REI about as much as treating patients. 

Carrying out a comprehensive property analysis is key to pinpointing amenities that will draw in tenants and optimize rental revenue.Decide on your plan for house hacking- will you reside in one unit and lease out the other, or rent out both units and live elsewhere?

It's a widely held belief that you can mitigate this risk by making a purchase while a rate is known and then if rates go up you are locked in, if they go down and you are able to still qualify, refinance to a lower rate.

@Jonathan GreeneFrom what the realtor told me, the couple who owns it they were going to turn it into a primary residence in the upstairs.

We have 2 W2s( Me+ Spouse).Have a primary residence SFH and 2 rentals.I have around $40K of rental income after all the deductions/depreciation.This time I used a CPA and I am a sure he tried his best to get all deductions possible.

I guess, my training and many years of experience could qualify me for being "real".

Can we takes losses from syndications (as a LP) and deduct those losses from our W2 income, Based on the fact that my spouse qualifies as a real estate professional?