Some lenders will also have seasoning requirements for the loan itself, which may be different than what's required for ownership.

==========================My relative is asking if this is a viable way to legally avoid having to pay taxes:STEP 1: SELL PRIMARY RESIDENCE (House A)-Sell primary residence to son-in-law for cost basis + $500K-File gift tax form for difference between sale price & market value-Not pay capital gains on $500K due to personal exemption.STEP 2: SELL RENTAL PROPERTIES-Do 1031 exchange and buy House A back from son-in-law-Rent out House A for 1 year before move back in==========================Thoughts?

I use AI for a few different purposes.

The key to success is understanding the nuances of the market—different neighborhoods perform very differently, and having a strong team on the ground is essential.If you’re interested, I’m happy to share some resources on investing in Detroit and what makes it work for BRRRR.

But a big difference when your costs stay mostly flat.) whether the property is positive or negative $100-$100/mo should make zero difference to you.

I have researched the different kinds of loans for this but I would love to speak with any lenders or other investors in this area. 

I see HELOCs as low as 7.5%, so the difference is not that significant.

Are you using a specific property management software to handle this automatically, or do you have a different system in place to ensure accurate tax reporting?

However, if you learn the different options available and then figure out what they really want, you can often negotiate a killer deal.

Here is what i see as the difference.