If you're weighing between purchasing a primary residence and renting spare bedrooms versus buying the entire property, which is more tax write off advantageous. 

Income Verification - Paystubs, W-2s, Bank Statements, Tax Returns.

🧮It sounds like you have these priorities for your next PNW property besides the standard FI road map:- Something that has positive ROI (appreciation + cash flow + tax deductions + loan paydown) purchased at $1M with 20% down and ~6.8% interest.

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

Thank you  I'm not expert in Real estate, but from a business perspective, if you sell, you'd have to pay capital gains tax.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

. ;)You do not need a tax lawyer.

Then I would get the bank to loan you the down (800k) on a first lien plus another 100k. all in you would owe 1.7 and walk away with 100k cash to get right into it and fix it up.

We need some general input on getting started from the ground up with a decent amount of money to initially invest from the current tax year.

I do have plenty of family who are willing to let me owe them money