The IRS, in a now discontinued Publication 535, used to say:If you are an individual and your attempt to go into business is not successful, the expenses you had in trying to establish yourself in business fall into two categories.The costs you had before making a decision to acquire or begin a specific business.

We made tons of mistakes buying our first two properties (I can share them in another post if you are interested), but it is what it is, and we are planning for the next steps.Goal:1.

We sold our starter home two years ago during the height of covid.

Honestly, I don't know which route to take whether to invest the money in a flip with that guy or get an FHA loan on my own and get a house since no matter what I need to find a place to live (either renting like I do or a house) or should I take the risk and do both or simply neither of the two. 😬 thanks for answering.

We had two fraudulent bookings back to back and got no support.

Looking for a conventional loan to accommodate a property with two separate houses on one deed.- Property receives one set of taxes- Both houses are approximately the same sq ft. (1300)- Two single-family homes, not attached (two different addresses)- Property size 0.45 Acres- Township won't allow subdivision unless each house sits on 0.5 acre lots- Will reside in one house upon purchase, and will rent out the second house- One house currently rented out for $1,400 a month with a one-year lease- Purchase price $260,000Looking for ideas or best ways to finance this type of property!

Two more to go!!

.#3 At this point I would have a good lender or two in your pocket that have run different options for you based on what you qualify for loan wise. 

Taxation and legal entity status are two different things.If they are truly duplexes, then each has their own Title. 

To qualify for the full exclusion, you generally need to meet the following criteria:Ownership and Use Test: You must have owned the home and used it as your primary residence for at least two out of the five years preceding the sale.