Or, do I have to stick with 1 (standard or actual) for the whole year, regardless of a new car purchase?

If you're planning to stay in the area for several years, and the numbers make sense, purchasing a home could be a prudent decision despite broader economic uncertainties.

Your gain is sales price less sales expenses less adjusted basis.Your adjusted basis is purchase price plus improvements less depreciation.Also factor in any passive loss carryforwards when calculating your gain.Your CPA should be able to discuss with you what tax implications would be upon sale.

I'm not overly interested in purchasing properties and having to deal with tenants, broken toilets, etc. - my day job keeps me pretty busy.  

At what point will I know when we are ready to purchase the next house hack? 

I am looking to purchase my first property but I am wondering if it would be ideal to rent to a section 8 tenant on disibility.

Feel free to post or message me, and we can start with getting the Intention Journal by Brandon Turner first and then figure out the details later.

Hi All, I've been considering moving OOS and hope to purchase my first property.

Hi Victor, Possibly look into purchasing a multi-family and rent out the other units. 

There are many on here who’ve been in real estate for 25+ years and have seen 7 or 8 out of every 10 people fail, miserably in real estate.I had someone send me a message the other day telling me I’m too mean.My intention is not to be mean, my intention is to be brutally honest and to tell people what others are afraid to tell them because it is not in their best interest because they’re trying to sell them a product.Chris, if you are too mean, what in the world am I?