Which areas should i completely avoid?

I do have to do a 1031 exchange to avoid capital gains.

First someone new will be living with you and that requires adjustments.Second it's not just someone, but rather it's your in-laws which can bring stress to any marriage good and bad.Third your introducing a money factor into a highly personal relationships. 

If not FHA, you could use it for your next purchase and the owner occupancy requirement is 1 year, not 2 as you mentioned.

I would say you are off to a good start just by showing interest and enthusiasm for the investment business.o Age: many private lenders require someone to be 21+ years of age.

Living in your home the next 2 years to avoid capital gains tax only applies if you are planning to sell it within the next 5.

Are there certain types of properties that I should target and/or avoid for a better outcome when it comes to the cost segregation study….Large Condo Assoc/Small Condo Assoc/townhouse/SFH?

Hi All,Section 8 (and other entities) understandably require a W9.

If I choose no, it says "Since you didn't try to rent the property at all in 2023, it's not considered a rental" and to delete the property from my return.From what I can find, IRS Publication 527 does not mention advertising/trying to rent the property as a requirement.

Also, some banks I've talked to require 30% of the balance to be held in their account.