I originally lived in the casita while I rented the front home out.

Similarly, you can offset credits from the activity against the tax on up to $25,000 of nonpassive income after taking into account any losses allowed under this exception.If you’re married, filing a separate return, and lived apart from your spouse for the entire tax year, your special allowance can’t be more than $12,500.

It was like the perfect storm I lost my job and was in a car accident.

What I've found so far is the property has to be self-managed for the first year and you either need to live in it 14 days or 10% of total days it was available to rent, whichever is greater. 

Obviously you’d never sell until you’ve lived there 2 years, that’s a 5 figure mistake. 

If you want to buy and hold, use a debt product that stays constant for long periods of time, not one that constantly fluctuates.Another way I think about this: you need to buy a new $30,000 car, you plan to hold onto the car for 5 years and you want to finance it.

I'm looking at traffic count around 12,000 cars a day there. 

I live in Oregon.To summarize:1.

When they sell an expensive property, they have money left over to bid up properties in Arizona and live in much larger and nicer houses in better neighborhoods.Anybody who already has properties in Arizona has done quite nicely.

There are tenants living in the downstairs unit under a 1 year fixed-term lease ending October 31st 2024.