Which is the smarter option to take financially in long term, buying a new construction or resale house as a primary residence?

Depends on your long term outlook.

About 9 months ago.The property was a primary residence of the first owner until shortly before passing, after this it has always been rented out.No depreciation was ever claimed by any owner at any point.Tax implicationsAs I understand it:A.

We purchased the property in 2020 as a primary residence and then turned it into a long-term rental in 2022.

This allows for potentially lower purchase prices and more flexible terms.

Prepayment penalties- usually 1-5 year terms.

I am looking to learn what is the best way to leverage that through LLCs to get into the multi family or long term rental investment game. 

Through efficient negotiations, we secured the property for $162,000 on favorable terms.

Trying to keep it as long term rental, I'm getting 5/1 arm starting at 7.4, also 75% interest only 6.8%.. what would be the best deal to get out of the HM?

I just can’t come to terms with throwing away money that I would never see again like with an apartment.