@James E.

@Kevin Phu, I would consider selling your current home and using a new VA loan to house hack a proper multi-family.An FHA may be tough, if you keep your current property because you'll have a high DTI and the bank may not look kindly on you renting out 4 bedrooms of a SFH.Furthermore, once you move out of your current house it could be a real nightmare to manage.

@Robert E Bogino May I ask the name of your "Meet Up" group?

Some of their charges are outrageous, i. e., $20 to rekey a lock.

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I’ve researched it online and:— I see the liens, but unclear on how to read them properly.

Rental income is passive and goes on a schedule E. 

Tenants are more likely to give proper notice because they are not stuck in a long term lease after first year. 

So my question is, when filing my taxes this year, can we all claim 1/3 or the mortgage interest as an expense on the Schedule E form? 

Im looking to buy a triplex funded by the FHA loan for first-ti e home buyers.