Also, I'm not sure how you're paying attention to it on the tax side, but the unit that you are living in's profit at sale is calculated differently than the other unit that you're renting out.Once you move out, that unit is officially available for rent so from that point forward, any profit gained at future sale will be calculated starting from that point and will be taxable.

My mistake for not inspecting the property beforehand. Paid 12800.based on google mapsThe property is a mess. Need to clean the junk out of house .. hoarder . Bathroom and kitchen need redone. Large tree in back is de...

I know some investors use them as a tax-advantaged way to grow their portfolios, and I’d be curious to hear your thoughts on that.Looking forward to your insights!

From tax stand point I would think you can separate from primary and be okay with IRS being that IRS will not be local code enforcement.  

Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.

If you're still looking for a CPA/Tax Strategist in California feel free connect.

Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.

I'm not sure how attractive the numbers will be however when looking at HOA dues, insurance, taxes & the unpredictability of future costs with HOA dues.

Keeping clean records from day one really helps when tax season rolls around.

Major repairs are done, taxes up to date.