Rentals can be difficult now in Tampa with the rise in home values and the increase in interest rates (close to 8% now if not already).

Purchase price: $177,000 Cash invested: $50,000 - Single-family home in a Residential area near the University of Rochester- Purchased flipped home without inspection, many costly hidden issues revealed after closing - Currently rented for $2,200.

(The property’s home state and your state of tax residence will both want money if they collect income tax.)If the property is only in his name you avoid all the taxes by waiting until his death to give your daughter the property.

Now my parents are still married but imagine if you can that one day my father comes home and declares after 40 years of marriage, that he fell in love with his secretary or one of his buddy's at work ( lol, I just had a image of my dad being gay ..) it has happened to 100's of thousands of women.

Omg.. lol If no other details of the loan was given to the lenders how in the world would they know when I purchased said home?

I have a vacant house a couple doors down from my personal home, in Texas.

We purchased the home on 1/30/2023 for $300,000, invested $20,000 to $30,000 in renovations, and sold it for $465,000 on 5/31/2023.

Alternatively, you could also just apply a % annual appreciation based on historic data, but those typically won't give you the most accurate market data since they're averaged out across all/most property classes (e.g. a single family home may appreciate differently in your area than a mobile or multifam property, etc.) 

In addition there are a wide range of grants HUD supports in most cities to improve a property to rent to low income people.Perhaps the best decission in looking at section 8 and low income rentales are the larger assets of using the contract incentives and special financing programs that only exist to those who provide services and employ your tenant that you could benefit from.

I would consider the business uses of your home, the basement apartment is considered a rental property if you rent it out.