@Carl Trube You would have to live in it as your primary for at least a year if you assume the loan.

Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.

A Deflationary currency (which it certainly will be if population growth continues and no more coins are mined, and it is in fact the long-term "winner" in being widely adopted as the world's primary store of value) will not be tolerated by most. 

My long term tenant (a family friend) is moving out and I am concerned how to make sure I pre-screen future tenants effectively without violating any laws. background: this property used to be my primary home and had a very informal agreement with a family friend to rent from me in the mean time.

@Pat Arneson After working with my primary contractor for about 23 years (give or take) he now accompanies me on all my walk throughs.

But as a property grows in size your rent/sq ft generally decreases.And right now the profit from that primary residence is tax free!!!  

Your lender is correct—FHA loans can’t be used under an LLC since they’re for individuals purchasing primary residences.

Quote from @Renee Ward: In a quote for an umbrella policy, when I see it in writing it is labeled a personal umbrella policy with our primary home cars etc. 

This is a common term used for someone whose primary role in the partnership is to secure the loan, commonly through their financial wherewithal of their net worth and liquid capital.

Real estate, by default, is passive and the primary way to avoid the passive loss rules is to qualify as a real estate professional.Full-time employees and non-real estate business owners cannot qualify as a real estate professional (aka REPS status) because one of the tests is to spend more time in real estate than anything else (and it’s unlikely that you can convince the IRS or Tax Court that you spent more time in RE than your day job).