Before making any decisions, it's crucial to consult with a legal and financial advisor who can provide personalized guidance based on your specific circumstances.

Do we know the circumstances that may warrant the city needing one?

You are required to stay in the home for the time of the mortgage and the lien is the way the ensure this, but this can be removed in certain circumstances that would allow for it such as getting a new job that would require you to move, or a death in the family etc.

@Scott Trench there is no single correct answer here because the best course of action depends on the totality of the circumstances.  

Think 50% less pay or more in most circumstances.

Under the right circumstances, it can work well in 2026. 

It isn't always 100% tax efficient to do this, depending on circumstance)

Account Closed hi Zach do you know under what circumstances you can use losses to offset your W-2 income?

Germain Act) prohibits ENFORCEMENT of due on sale under 3 circumstances.  1.

The decision to use Schedule E or Schedule C for reporting rental income from house hacking can depend on various factors, including the nature of your rental activities and how you've structured your rental business.Schedule E is typically used to report rental real estate income and expenses for individuals who own rental properties as investments or passive income sources.Schedule C, on the other hand, is used for reporting income and expenses from self-employment or business activities, including activities that are considered to be actively managed.The interpretation of the tax code and the determination of which schedule to use can vary based on individual circumstances and the tax preparer's expertise.Your tax preparer may reference relevant sections of the IRS tax code, such as IRS Publication 527 (Residential Rental Property), IRS Publication 334 (Tax Guide for Small Business), or other applicable publications and regulations.Factors that might influence the decision include the level of involvement in managing the rental property, the intent to generate passive income versus active business income, and the structure of your rental business (e.g., sole proprietorship, partnership, LLC).Ultimately, it's essential to work with a tax advisor or accountant who understands your specific situation, goals, and the nuances of rental property taxation.