I would definitely speak to a tax pro before finalizing any plans.

I plan to shop around for my information as well as to get the right option.  

In this market you need some luck on your side or you need spend more $$$. 

@Ben HofstraTo be ready for the purchase of property that you plan to undertake as from September 2025, read more about investing in real estate, set your standards and financial readiness in place.

For example, if you file for eviction but accept a partial payment after issuing the eviction notice the judge is likely to take that as proof that you made a payment plan with the tenant to pay their outstanding balance and deny the eviction. 3.

IRS Pub 523 has a lot of additional info, and it lists "Where you spend the most time" as the most important factor in determining your principal residence.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments. 

We planned to live here for two years, do a "live and flip", and then sell it and use the capital for other investments.  

You can spend your time on leisure activities instead of business.One caveat about the broker however.

@Sophia Boro for your own home where you plan to stay a while, that’s your call for the safety of you, your family and guests, especially if you personally knew the quality level of the contractor.