In our contracts, there’s a paragraph that says whether or not the buyer plans on living there as their primary residence, for insurance and tax reasons

I've been a licensed CPA in IA for the past 5 years and started my own tax and accounting company as well in 2017.

We made the initial investment back in 2017 utilizing notes to avoid paying UBIT tax getting a fixed rate of return and equity upside.

This deduction is typically claimed on Schedule E of your tax return.Points Paid for Refinancing: If you paid points to refinance your rental property, you usually must deduct the points over the life of the loan.

You are definitely creating a lot more tax liability than if they were to leave it to you at their passing.

However, I'm burdened with credit card debt, a HELOC, and a personal loan.

(BTW, I have excellent creditworthiness). 2) Tax confusion: The interest expense might be tax deductible.

I ask because I am up here in Pinellas by the Gulf Beaches and our 2-4 Units run between $300K to $650K.Miami 2-4 Units run between $850K to $1.8Million and the Taxes and Insurance premiums are higher.

The price of the houses are astronomical,  property taxes is the highest in the States.

I would also appreciate and benefit from tax consulting along with general tax planning.