Each has their own tax implications.There are some alternative methods of calculating how much of the distribution and therefore the interest expense falls under this category, but the bottom line is that it is very important to keep track of. 

Investment Info:Small multi-family (2-4 units) buy & hold investment in Piffard.

Quote from @Chris Hertig: We recently purchased a multi-family property and have someone living illegally in an uninhabitable, detached garage. 

I don't observe too many people buying multi-family in the Bay Area with our rent control laws but there are deals here. 

We then leased the home out to a long-term resident who signed a multi-year lease.

 I am a relatively new house flipper.  One of the issues I have noticed is that some people think of a flip house as being the cheapest possible rehab.  To address this I took detailed pictures from beginning to end o...

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Just make sure the town is ok with the land being zoned for multi-units, and look into construction costs, financing options, and permits ahead of time.

Currently I am working in partnership on a luxury Air Bnb property in the Philippines to familiarize myself in short-term rentals.I live in Cerritos, CA and am looking to invest into a multi-family home to house-hack in Orange County, CA to get started.I will need a residential agent and possibly a contractor.I look forward to learning and hopefully working with you all!

He just told me to read the Cook County Residential Tenant Landlord Ordinance with the idea that doing so should just stop me in my tracks from bothering with rental at all.