This is a very important distinction that a lot of investors miss - treating sellers of this nature, like dollars and cents investors, is a mistake and likely a big turn off to the seller.

Hi Guys,How is the first week of a brand new year treating you?

I try to treat everything as logical numbers.

In fact the average person gets a raise and ends up "treating" themselves to a new car or some other luxury.

Even though I will be living there, I will treat/respect my neighbors (aka tenants) as a mutual business relationship.

Hope it continues to treat you well.

IfI take my rental property out of service as a rental and treat it asa second home (for instance), then can I stop depreciating it?

When I have approached investors for BRRRR opportunities, I give them 2 choices:1) I'll treat them straight as private money at a fixed rate for a fixed period of time (2 years), at which point I would have completed the BRRRR.

As a rule of thumb, yes, you can work with that, but you should also treat million-dollar properties different than 300k condos.

Not how it is in Florida, but in some states squatters are treated legally as tenants after a certain period of time.