Unless you're trying to but one of those properties, then who cares?

Investment Info:Single-family residence fix & flip investment.

It refers to having an investment property also serve as your primary residence.

In Facebook groups you have to be really careful, especially if it's a local FB group...there are some bad folks who may try to snake the deal.

I live upstairs in a primary residence and have just started renting out the basement. 

This means if your AIO loan funds are directed towards significant improvements of your personal residence, the interest may be deductible.

Just tread carefully and weigh the risks.

The trades will charge you retail , since you are basically a homeowner . ( they dont care if you are a landlord) .If you hire a General contractor , he has a relationship with the trades , he can call them and get things done on a MUCH tighter schedule . 

Then they continue to just flat rate charge us a fee for the water which for a typical residence 3/2 house is about $1400 per year for all the water you can use.

Purchase Price: $380kTaxes/Insurance: $9,300 yearly (estimated)Downpayment: Up to $100kMy vision for the next 1-2 years is to live in the house and use the MIL suite income to pay most of the mortgage while saving enough for another down payment on another home that would become our primary residence.