Code section 280A defines personal use of a real estate property, and it doesn't allow deduction of expenses for personal use space because it's considered to be your residence rather than rental property. 

Just got denied lending from a supposed HM lender due to the source of the down payment coming from a personal loan. I understand the risks, regarding the method of using a loan to get a loan, but was told that Hard M...

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

The IRS also allows deductions from interest paid on student loans, business interest, and personal interest, and qualified residence indebtedness.

Here is my situation:I started a landscaping/ lawn care business 7 years ago and just sold it because me and my wife want to move to Jacksonville Florida with our kids.

If it is the tax deed sale in PA, you do not care about other liens.

And evaluating the track record is a call that's made first by the taxpayer or their CPA, and ultimately by an IRS auditor (should one get involved). it is very true that the IRS cares about intent with respect to capital gains in real estate -- I've certainly seen cases where the statutory timelines were less important and the identified intent of the investor.with respect to determining whether you qualify as a developer or an investor, it's much more of a "forest" than the "trees"...so holding any given investment for 14 months prior to a flip is certainly no guarantee of receiving long-term capital gains treatment.I hope this helps.  

You must house hack for a year before entering a new primary residence. 

In these situations I take care of my tenants.

Investment Info:Single-family residence other investment.