They now require 24 hr care and he is trying to avoid selling his home to pay the $65k that is owed.

It is the agent's responsibility to make sure all parts of the selling process are taken care of properly.

We are buying our primary residence and it will have a 1 bedroom garage apartment in the back.

I currently own a house that was my primary residence but have been renting it out for almost a year now.

Then, there are other people who are quite sophisticated with their structures and choose to invest money on the structure (you'll hear references to Trusts)...and then you'll have people talk about piercing the veil....and you'll hear some people say that as long as you have enough insurance, you are fine....and others will say that you have to be careful about relying on insurance to protect in all matters.

The home would likely rent for around $2,000 - $2,200.These are pretend numbers and you may find something that works, but I would be very careful with the math and ensure you account for all expenses, including vacancy, maintenance, property management, etc.

But one undeniable benefit of house-hacking is to ability to reduce w2 taxes for primary residence with interest rate payments.

Investment Info:Single-family residence buy & hold investment.

it simply cannot be done by anyone except and owner operator that is local collects rent in person etc etc I dont care what anyone says.. 

Investment Info:Single-family residence buy & hold investment in Aquasco.