When converting a rental property into your personal residence, there are important tax considerations to keep in mind, particularly when it comes time to sell the property.

I used to own C properties.

Appreciate your inputs on this and thank you in advance.RohanIn order for these losses to potentially offset your W2 income, you or your spouse would need to qualify for REPS and meet the material participation requirements.

Use one of the options below:A.

hey squad - Curious if anyone knows why I keep getting messages like this on Airbnb.

This is in FL and the lease says "We will not be liable for any damages, loss, or injury to persons or property occurring within your dwelling or upon the premises.

Huntsville ranked the best in this metric at only 14.1% of the median household income.However, the low property tax rate of just 0.41% of the median home value—the seventh lowest in the country—may seal the deal.

@Jake Barrutia I personally see this as a huge red flag too.

There's also a local one in the area I'm going to check into.

 Hey, This is a unique situation, I purchased my second property in June 2024, a single-family home that used to be a duplex, and is still zoned as a duplex ( remains 2 addresses).