The resident brother has a "equity interest" and therefore takes the deduction.

I own a bunch of rental property and I have a resident manager to deal with the day to day items.

I am currently living with my parents, having graduated college alittle over a year ago... but have been thinking about moving out. My friends all keep asking me if I want to rent a place somewhere, but I don't reall...

Folks, I could use some help here. The builder/seller has the basic structure ready. Electricity wiring is done. Sheetrock is going up this week. He's willing to sell AS-IS, or after finishing the house. Am I better o...

I have a feeling by your eagerness that this will be your principle residence?

The requirement is that the taxpayer taking the credit must own and live in the property as his/her primary residence.

As a former resident of Cook County, IL I can attest that they do!

Since you are a non-resident, some banks might require more down payment from you because of the risk.

I'd buy houses and be open to renting to either students or the huge resident population that staffs the service industries that serve college towns (guess which of the two is here year round and is thus the one I focus on).Tim

A small amount will reside into saving to buy another income producing investment.