. - That entire gain is tax free, since it is your primary residence- Your monthly payments will be over 4k per month, but almost half of that is going toward your own equity and the other half is a tax write-off that reduces your taxable income and possibly brings you to a lower tax bracket.SUMMARY: I'm not quite ready to declare victory for purchasing your home in NYC, but I have to admit, I just convinced myself a tiny bit more.

Our Tiny master bathroom.

Yes i figured that but the units are tiny.

She's responded to say the husband (who I've not met) "works 12 hour rotating shifts, so I'm handling all housing inquiries & applications for our household.

Not exactly a tiny brokerage, and their familiar with the process and okay with it.

If you are planning on hiring a property manager (or if you think you will ever have one for the property, even if you don't have one now), they usually will charge around 1 months of rent for just placing a tenant.Even though they are a condo and townhome, that is a tiny amount of cash flow each month.

Basements, Backyard cottages (tiny houses), Garage unit conversions.

Matt, Justin, and Rick, I have a tiny bit of experience rehabbing.

My CPA told me I didn't need to worry about it because the LLC didn't have any members outside my household.

If less than 12 months, what was her monthly household income at the time she applied?