HelloI would like to know how does the taxation work when selling an owner occupied Duplex.There are two scenarios here, 1) The rental unit has similar square footage as the owner occupied unit.2) The owner occupied unit has more square footage for example it’s double the square footage of the rental unit.How does the taxation work in both scenarios?

I’ve got enough residential to keep me occupied and earning money.

Hi All, My wife and I purchased a 2 Family (with additional basement "owners-suite") in Bayonne, NJ in late 2019  which we currently owner-occupy.

I used the BP rental calculator and the numbers with me being owner occupied did not look so good, but with me not living there, which i plan to do relatively soon and get another property were great!

Here's my question: Will your current primary become a good cash-flowing investment as a rental, given that you need to refinance it into a non-occupier (higher Interest and/or shorter term) Loan, at 75% Loan-To-Value? 

However, 2 families are excluded from rent control and if you owner occupy that 2 family you are excluded from most of the hardest rent control ordinances.

This is the minimum elevation above the Base Flood Elevation ("BFE") that the lowest occupied floor must be.

I was always under the impression that owner-occupied FHA loans would have a lower interest rate compared to a conventional purchase.

The best move IMO would be to buy another owner occupied home, this should only require 5% down,  and then you make your old home into a rental.   

Also, regarding purchasing the property in an LLC, you won't get commercial funding in an LLC for an owner occupied property.SorryStephanie