I am in the low 800s and don't know of any tangible benefits to be at 800+.

I'm sure the company is fine and want to give them the benefit of the doubt.

If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.

Let time do it's thing over 5-10 years, you can take advantage of the tax benefits in the meantime then 1031 exchange into lower cost, higher yielding markets to achieve those goals.Great thing abotu real estate is if you have the capital you have options and options are always good.

This gives you the benefits of ownership without the hassles of “landlording” or playing general contractor—in my opinion, it’s a more feasible arrangement if you’re looking to live in one state and own in another.The initial outlay can be pretty reasonable as well.

You’ll find more details on how these federal tax benefits work here."

@Christine Aledam LLC doesn't give any extra tax benefit for now.

Hi Edward, I agree that investing in the out of state market may be a better idea in terms benefiting from potential cash flow at a more reasonable price. 

Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.

Hi Katie, do the tax benefits apply to just Real Estate professionals or could it also apply to regular full-time W-2 employees?