This is a single family residence not condo. 4.

The Landlord Agent sent a contract to the resident that listed a monthly charge of X.

You have a couple options with the residents.

I’m not sure i see the benefit to the second option as then i have to pay taxes on this rental income and then i believe it does not look like my primary residence anymore.

My primary residency is a house that I own free and clear.

., rental) use would not include any period after the last date that the property is used as the principal residence of the taxpayer or the taxpayer's spouse, so it essentially doesn't matter that it was a rental from December 2014 - June 2017 for purposes of the home sale gain exclusion since the last date you lived in the property as your principal residence was before you rented it out.Depreciation recapture is another story.

I'm a new investor looking for my first deal and a primary residence.

I feel like taking on a rental, as well as purchasing a new primary residence I would be smart to meet with an accountant.Any suggestions on how to find a good one?

In that, I just bought my primary residence (a SFH) last year and not planning on moving anytime soon.

Just because you do have a gain on your adjusted basis and it does not sound like it was your primary residence, and able to avoid any gain.