If you took bonus depreciation on your single-family home in 2023, it means you accelerated a large portion of that deduction into that year.

When you know the buying process, the neighborhood, and how to find the property on your own, and are ready to buy another property: How can you avoid the 2-3% buyer commission portion going to an agent on an MLS listed property, without having to get your license and pay the costs of having a license?

As a joint owner, only her share would receive a step-up, and you'd still owe capital gains tax on your portion based on the original purchase price. 

There are more coming online but I don't feel they are significant enough portion of our market to impact the single family side of things. 

When house hacking, you need to allocate expenses and income based on the portion of your home used for rental purposes versus personal use.

The first option is a much better deal if they can secure financing, but the owner financing portion is too much headache IMO, but could work something out with a good contract. 

LOL  If there's going to be problems down the road, their advice or forethought as to the planning/building of the structure, at least the flooring/layering on top of the existing structure, is going to be sooooo vital. 

You’ve obviously developed a systematic approach to mitigating a substantial portion of the risk.  

The main difference is that you can't deduct the principal portion of your mortgage payment (even though it affects cash) but you can deduct depreciation (even though it doesn't affect cash). 

You will very likely have a lower rate on the 22 acres and a higher rate on the 70 acres.If you want any portion of this property to be free and clear, the lender will have to release that bit of land from the mortgage that currently encumbers it.