I'm not expecting answers here in this thread - just giving y'all my full intro.

I started flipping properties back in 2001 as a part time hobby, as I had a full time job and active family.

Full disclosure I just passed my Real Estate sales license and am looking at hanging my license with them.

Househacking can be a little complex for tax purposes.You have a primary residence in addition to a rental property.You are eligible to deduct direct and indirect expenses related to your rental property.Direct expenses can be considered items like repairing an appliance in the rental unit  or doing the flooring in the rental unit.Indirect expenses are items are items for the full house that you would pro-rate to your personal residence and your rental property.

I live in Northern California and does not have the means to maintain rental properties(with a full time job). okay in investing out of state, appreciate your pointers related to what type is best, location, how many, ROI etc.

For rehab loans FHA has 203k renovation, and there is the Fannie mae homestyle.  203k is broken down into 203k limited and full 203k. 

Had to fight tooth and nail to allow some existing stuff to be ok as is.

Would my cost basis be XX% purchase price/AA% value when inherit or would it be the full value at time of death?

That can only be answered once we know the extent of the work needed to get the property earning at full capacity.

Hi Guys, have first MHP under contract (I'm full time fix and flip single family guy in DC area).