BiggerPockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy.

I'll be asking the tax office tomorrow as well when I go to research the properties, and anyone who will give me the time of day at the auction - even if it costs me buying their lunch and a couple drinks😂.And with regard to the rules/law, that's what predicated my initial question, it's so simple and clear I assumed I must be misunderstanding (quite the paradox). 

Or in other words, if I intend to live in the property.I plan to buy a multi-family property.

I've been buying houses cash in Ft Smith, I may be interested in buying yours.

I am looking to buy an existing RV, Boat, and Truck Storage business in the Tampa, St Pete, Clearwater Florida area.

Sell that bad boy and either put the cash in the new house or buy some other investment properties that make sense. 

I currently have a full-time career as a senior engineer in the aerospace industry, but I’ve always been interested in real estate, and I view REI as a way to supplement my future retirement.I’m interested in initially doing fix and flips to build up capital for buy and hold investments in multi-family properties, and I have about $200K in home equity that I can leverage to get started.

Savoy investors use them for additional fire power when buying deals.

If your home is in a solid area and you can hold onto it while having even some cash flow, I would usually pick that option.From the experience I have seen with my dad and holding properties long term and conversations I've have with older investors is that if you hold onto RE, you will usually be happy you did so.Most investors say: I never really regretted buying, but I have regretted selling. 

However, in residential I buy everything direct to seller.