Don't get into Enclosed right off the bat. 

Thank you What was the reasoning for wanting to pay off the rental?

For example I cold call property owners for off market deals for the developers and investors I work with.

The other thing to note, and o don’t remember each counties rules off the top of my head but in some counties you lose the ability to rent the adu if you move out & it’s not owner occupied.

We have an accountant that will be doing our taxes, but I am in charge of keeping the books until tax time, and I want to start off on the right foot and keep my accounting very organized.Thanks so much everyone!

I assume you have low-interest 1st lien mortgages on those properties that you don't want to pay off. 

I'm local in Asheville, do some investing, and do some lending too.Also, we have a great BP meetup here in Asheville, where you can bounce ideas and plans off a variety of people, get some great free counsel and comradery, and even connect to some opportunities.

@Tejani Jeet BhaveshThe debt does not go away it is just unsecuredIf you are a borrower and get foreclosed on if the debt is not paid off it does not go away - it is just unsecuredOnly way for it to go away would be pay it off or bankruptcyYou are seeing a lot of articles on zombie loans where people lost homes or kept homes but were underwater and old mortgage lenders are coming back after them as the debt is still valid and they thought it went away

That is how we handle it.3)  If a fee is being charged, most stated require the agent to have you sign off on agreeing the the fee above and beyond the typically commission that is built into the commercial policy.Personally, I would suggest going with the independent agent.  

Can these be tax write offs (home office, phone, car expenses, etc) even though I won't technically be making money for some time until everything is completely built and leased?