@Mickayla Fatovic I am currently looking to invest in single family homes.

Sometime after the inspection a water leak coming from the neighbors home caused damages to the property.

Here is my situation:I've owned and lived in my house as my primary residence for 3 years.Up until the last year, I have rented out spare bedrooms (space within the living area).I got married about a year ago and my spouse has now been living in the house as her primary residence for 12 months.Question 1: IRS publication 523 states in the section under Business or Rental Use of Home, "If the space you used for business of rental purposes was within the living area of the home, then your usage doesn't affect your gain or loss calculations.

The heat, the cold, and the humidy can cause costly problems to a home. 

The goal is to buy their home before loosing it back to the bank and in alot of cases we are able to buy and give them money to move onto the next stage of their life.

Here is the situation:We will be turning our 20 year homesteaded home in FL into a rental property when we move to Illinois. 

Alternatively, should I consider purchasing several single-family homes?

They could potentially earn double the returns in their local markets.For single-family homes (SFH) in Cleveland, a realistic cash-on-cash (COC) return is around 8% to 10%.

I received an offer for 100% purchase and 100% rehad on a fix and flip from Blue Pacific Home Loans.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.