If we were to sell, we're looking 1.2-1.5mil.Our situation is we want to purchase another property for my parents to live in - it would be 600-700k condo.

I live in one of the units and rent out the other 2.

Hi, if my wife becomes a real estate agent in New York (we live in NY) and we buy properties in other states such as Florida or Georgia, can we use segregated deductions on houses we buy outside of New York in order to pay less income taxes from my earnings?

@Divya SanthanamI live here, invest here, and love it (during spring, summer, and fall).

I found a great deal on my first investment property (besides the home we live in), and I need help with 2 things:1.

To do a cash out owner occupied refinance you need to be living in the house and have job in proximity, is this the case?

Union city tends to be a little more strict, especially with rent by room/ large groups living in property. 

I live on the top floor and rent the bottom 2 units. 

I live in New Orleans, it's a VERY neighborly and friendly kind of place. 

Pays for my prime resident taxes, and living expenses.