PaulBecause it also seems like an accessible entry point.How long should I stick it out to find property in a specific area, before moving on to the next?

We are looking for ways to reduce taxes on the W2.

And, sorry @Andrew Hogan, I have to disagree that 506(c) are higher quality than 506(b).  506(c) only became available in 2013, so there are many, many long time, proven operators that never made the transition to 506(c), simply because they didn't need to.  

@Angela A. rentals are a long-term game, despite what everyone thinks.Why don't you look into rental rates and work backwards, to determine the max PITI payment those rental rates will support, and then calculate the max mortgage amount?

Hey @George Iskaros, Given we are accountants, we cannot promote our services on BP as its against the rules.

I recently purchased a primary home in LA County Sept 2023 (only put 5% to do renovations and have an interest rate of 7.25%; I rent out back unit when we are out of town and intend to rent out main house eventually).

Do you want to try to make some cash flow or secure an asset for the long term so that maybe you can get some friends to rent rooms from you?

I currently reside in Turkey, but approximately 28 years ago, I was living in Long Island, NY.

We are right on the lake so you get the full lake view (mountains of course as well) but we have no area for a hot tub.

Preferably contact them by e-mail as we are not allow to self promote.