But it is the tax return that will show the conversion of your property from personal use (schedule A probably) and into an investment property - (schedule E or schedule C of your tax return).

Boost Your Experience Level Another key consideration is your personal experience with real estate investing.

The IRS has ruled that depreciation of "1245 property" (the segregated personal property) may also be deferred in a 1031 as long as there is an equivalent amount of 1245 property in the replacement property. 

You're just taking money away from your business when you use it personally, and in that case, you may as well not own it, and rent someone else's because 1.

Just received a personal message from a guest who just checked in last night.

We bought the place 4 years ago for about $1.3 million with a $650000 new first, 15 year at 4% fixed (btw, no personal guarantee on the loan because 50% LTV/LTC).

A few days ago, she said that was ok and asked to not touch any of her stuff.

Since the HELOC has that rate, I would personally not want to use it now.

“Sit empty” means not use it personally at all?

My experiences there tell me that personally evicting is a huge headache.