For a primary residence purchase however, there are a lot more options including 3% down conventional programs and even 100% LTV FHA where the same lender gives you a loan for the 3.5% down payment.

It follows the first 3 rules of real estate, is zoned "light commercial" which would include multifamily, the direction I want to take it.It has a well established restaurant and 2 residences. 

Investment Info:Single-family residence fix & flip investment.

Sometime this year, my wife and I plan to get a primary residence using an FHA loan.

When talking with staff / residents / others on the properties we operate, I typically say I am the manager of the company that owns XYZ proprerty and that is, in fact, the most correct description.

I've read that this statute allows taxpayers to to ignore any "nonqualifying" use of a property that occurs after the last date the property was used as a primary residence. 

I don't qualify for REP status so I will be taking normal depreciation. 1.

It was my new wife and her late husband's primary residence and the home they built where they raised their two children from 2016 - 2019 when they lost him. 

Someone who works out of state with fire and government jobs but maintains permanent residency in home state with intent to return on taxes, license, etc.

If you factor in the cost to prep the home for a new tenant if they vacate (probably need a full prep with updated flooring, paint etc since they've been there so long) plus that down time while you're doing so, plus finding another qualified tenant, you are looking at thousands of dollars to bring to market rent.