@Justin BrownThe only thing I would add, is the house hack strategy's underlying timelines is long term.Do play out the next 5 years with cost, rent, and appreciation increase.Don't forget the tax advantages as the cherry on top.

In our contracts, there’s a paragraph that says whether or not the buyer plans on living there as their primary residence, for insurance and tax reasons

We made the initial investment back in 2017 utilizing notes to avoid paying UBIT tax getting a fixed rate of return and equity upside.

This deduction is typically claimed on Schedule E of your tax return.Points Paid for Refinancing: If you paid points to refinance your rental property, you usually must deduct the points over the life of the loan.

You are definitely creating a lot more tax liability than if they were to leave it to you at their passing.

(BTW, I have excellent creditworthiness). 2) Tax confusion: The interest expense might be tax deductible.

I ask because I am up here in Pinellas by the Gulf Beaches and our 2-4 Units run between $300K to $650K.Miami 2-4 Units run between $850K to $1.8Million and the Taxes and Insurance premiums are higher.

The price of the houses are astronomical,  property taxes is the highest in the States.

Something to consider is to "donate" a portion of the rent they can't cover if you need a tax write off.

I would also appreciate and benefit from tax consulting along with general tax planning.