This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.

I am considering converting to a long term rental but thought that mid term might also be a good approach as well considering the home is fully furnished.

I am actually thinking of converting it to an Airbnb rental.

We still need to monitor PH and it uses salt cartridges that the tub converts into chlorine.

I don't know your area, so I can only write to my experiences in PA.You don't really convert your property to Section 8 (S8), but rather sign a lease with a tenant who happens to be funded by S8.

And the plan is to convert an existing Airbnb I own (and have run as an Airbnb since 2019) to PadSplit.

The house had some signs of foundation settlement when he bought it which were chalked up to age, however it’s clear now that there has been more recent movement (some of this may have been due to an earthquake a few years ago) causing about 3 inches of settlement along this very small house.   

Keep the wood (or sheetrock if you choose) an inch or two off the floor to not wick water.

He should read his mortgage and see what it says about renting and/or converting to rental.

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now,  should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1...