Unfortunately, Westchester is not an easy market with price points so high.

You might not be able to house hack all the way from Cali, hahah, but you can find off market deals here that are hitting the 1% rules and higher.

How many times do you think you can do this transfer before the judge rules you and the LLC are one and the same?

Also, keep in mind, if you are targeting property in Pennsylvania, while the switch down the line to re-deed from personal name to the LLC is quick and easy, it is not cheap.

Condos can be so easy to manage, and you would get amazing tenants in class A buildings that really don't add much stress at all to your life.

What I am seeing around with occupancy is two facets, the legal IRS/fannie mae/freddie mac rules and also the intent.

There would also be a mismatch at the state level depending on which state you're looking at since some conform to the federal rules, some have their own, and some ignore it entirely.

I'm going to keep PS for a couple months - it has Tons of awesome usable features that are pretty easy to use, but will keep closer tabs on any discrepancies moving forward.Shout-out to Jenell on the Invelo team.

However, it is important to note that the IRS has strict rules and regulations in place to prevent abuse of the depreciation tax benefits.

I will give her till March 17th, since I already promised that and she has it in writing, but then I will increase the rent and will post an add for the property (and probably call a property manager as well, to see if they will take the property on)...Honestly, hiring a property manage is not that easy.