This would be our second duplex house hack, and while it's been a great investment, the neighbor our current duplex is located in is not the worst, but not the greatest either, especially when it comes to school district.

Do you own this property outright?

I just asked a title rep in the area and she says they wont handle a close even as a transaction coordinator unless they write a policy for it which they cant do on a manufactured home on a rented lot.

For tax purposes, it's considered a reimbursement for property damage.

Hey @Marc Shin, do a quick search and you will find a lot of info on this topic.There are ways to get it done.

Long answer - it's complicated.For 2024 you have a personal residence with room hacking.

Hello , I have a rental property in memphis and now planning to get second one.I need to understand if I cash-out-refi my first property and put the cash downpayment on second one , Should I consider that as 0% downpayment Or 20% downpayment to calculate if the numbers make sense.Also suggest if I should do it at this point or wait some more time.

Myself when I am doing our JV deals that we do I dont bother with the letter just the bank statement and that always works..

No need to do it before. 

@Thomas JaskulskiIf it is a good deal, the buyers will be the easy part.