You can look it up yourself, but maybe just maybe the person that installed the tile didn’t take that precaution and now the install failed.

I currently reside in a higher-end condo in Orlando, Florida, and obtaining a mortgage with a sub 3% interest rate was crucial for making it a feasible investment.Allow me to share a personal anecdote that sheds light on the condo buying experience.

My most gracious analysis would be this (and this is just me): (1) I think the owner is a very kind man - I’ve talked with him personally.

The IRS section 121 allows you to move out and rent your house for Up To 3 years, After you have lived in it for at least 2 years (hence the “2 out of the last 5 years) and be exempt from any capital gains tax.  

So having a joint account makes sense BUT my team and I will also have separate deals outside of this partnership with this other person.

If you have a 4 plex and live in one unit, you are exempt from some of the laws.

In other words, the person with the most toys, wins... not the person who paid the least amount of tax.

Echoing what Nathan said-make sure you compare the scope of work both are planning on doing and vet your person.

We took the depreciation on our personal tax return in 2022.

We are shooting for 3x income, but might settle for as low as 2x, if the person seems like a good candidate.