For Tax Return 2022, it is my first time I need to pay tax to IRS ($269).

Or you have to make some lifestyle changes to take full advantage of it (e.g. real estate professional tax status). 

Bonus depreciation is a tax incentive provided by the U.S. government to encourage business investment in tangible property.

It equates to 60% down and a builder buy down of the rate plus closing help and it would still look like a bad investment to an outsider who didn’t know about the $100k in taxes I saved. 

Hi BP community, I have a unique homestead tax question.

*NOT a tax expert/CPA!

I do know there's tax benefits and tenants paying the mortgage off for you.

Ensure you have a property management strategy for when you return to Charlotte.Legal and Tax Considerations: Consulting with a tax advisor and a real estate attorney will help you navigate tax implications and ensure legal compliance in both your investment and rental activities.Short-term Investment and Return Plan: Since you plan to return to Charlotte after a year, consider the short-term nature of your investment and its implications on your overall strategy.In summary, your strategy has potential, but success hinges on careful planning and navigating the financial, legal, and logistical aspects of real estate investments.Good luck with everything,KC 

So, something to think about, the guests will be paying airbnb's taxes/fees etc.  

.- Property receives one set of taxes- Both houses are approximately the same sq ft. (1300)- Two single-family homes, not attached (two different addresses)- Property size 0.45 Acres- Township won't allow subdivision unless each house sits on 0.5 acre lots- Will reside in one house upon purchase, and will rent out the second house- One house currently rented out for $1,400 a month with a one-year lease- Purchase price $260,000Looking for ideas or best ways to finance this type of property!