And if the rental portion was indeed just a room inside the main living area then that portion also could fall under the primary residence exclusion just like a home office.

After some strong negotiating that hinged of us not willing to work with the sellers if they didn't accept our offer that night, we were able to put the house under contract before multiple offers came in.

After some strong negotiating that hinged of us not willing to work with the sellers if they didn't accept our offer that night, we were able to put the house under contract before multiple offers came in.

If you stay on the weekends because you are away Mon - Fri, there shouldn't be an issue.Please note, depending on the location, property type, and seller's situation (i.e. their motivation & desired closing date) 203K loans can be difficult to get accepted. 

Most people here to say LLC's are worthless just get insurance act like the two are mutually exclusive when they are not. 

If there is a due-on-sale clause; you can just quitclaim them anyway and hope there is no issue or get written acceptance/agreement of the quitclaim from your lender (most likely never going to happen).

I'm not an accounting expert but I've noticed that, sometimes, there are a few different ways to book things that are acceptable.

since the refinence loan ammount will be around $100k, my current policy covers 250% of the loan amount so why can't the bank accept it?

Not really a question but I would just like to tell the BP community that I just got my first offer accepted for my house back duplex.!

Hey Rachid, I'm an agent in Dallas who works exclusively with investors.