What type of properties are you targeting single family homes, condominiums, townhomes, what city and county?

This is extremely common in areas of C D quality properties.. not necessarily the tenant that did it could be just your typical theft when a home goes vacant. this is why its critical to have a vacant home policy in force on your rentals..

Due to my research, it seems this owner claims a Homestead exemption on this Orlando, FL. property in addition to a split Home owner exemption on an additional out of state property for at least the past two years.

@Michael MaininiDoes your home belong to an HOA?

I've been getting a lot of first time investors asking if there are any programs in Texas to help with downpayment for home purchase.

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

The goal is to find a way to offset some of the unexpected W-2 income and pick up of a vacation/rental property at the same time.I like the eastern shore, but I’d really consider your actual goals , if you want to own a 2nd home and use rental income to offset it great, if the only goal here is to save on taxes It’s probably just not worth it.

To keep the home loan people from getting confused, you will want to NOT report the rental income/expenses on your personal tax returns Schedule E, instead have the LLC do an S-Corp election, and report the income/expenses there (after confirming the truthiness of all this with your tax professional, of course).

Home Equity Line of Credit (HELOC): If you already own a home with some equity built up, a HELOC can be a fantastic option.

I'm thinking of making the main requirement to live in the home be a master's degree.