Jack and Jill homeowners have to pay off their mortgage and buy again, so aren't good SF candidates.All of my SF buys have been from tired landlords that owned free and clear.

Same tax situation and more likely higher potential to appreciate faster.

If you have any more questions or need help with the financing of these projects feel free to DM me.

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

I’m always looking to expand my network with like-minded individuals on here, so feel free to reach out.

I'm currently building my team with Tax Advisor/CPA, RE Attorney, REI friendly agent and designer first on the list in that order.

The Sewer Charge and Water Supply Tax may be higher now.Check if you’re now subject to automatic annual rate hikes based on CPI, which could contribute to the increase.4.

The other watchout is if you lose your job you are required to pay the money back quickly, like 30-90 days with most 401K's or the loan gets converted to a withdrawal that comes with tax implications and penalties. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Are there any Depreciation recapture or capital gain Tax dispositions that need to be resolved with the exiting member?