From reading the IRS rules, it looks like an eligible dwelling has to be your 'main home', which is essentially defined as your primary residence.

Being around someone who knows what there doing I feel is essential to learning this business.

I essentially have the renter paying back the loan, and then, once the loan is paid off, I will raise the rent.

Tenants category B- to C+ 2nd floor details: 3 rooms + 1 bathroom + Attic.

We could not believe that we got this 6 bedroom 1.5 bathroom house for that price.So now we have an agreed upon price and after interviewing 3 brokers to sell or rent our current house we decided to use our HELOC as a down payment and sell our home with the same agent we used as the buyers agent for the new home but only if she lowered her rate.

this investment property that I was doing research on and even been in contact with the city where its located about possibly adding another bathroom to the home(its inherent flaw in the floor plan) to turn into a investment property someone made a offer on which is problematic because I was already amidst negotiation on the property and pulled the permits from the city where its located to add the additional bathroom on the property, someone tried to swoop in and and make a offer on it according to realtor.com. 

I think you are better off finding a single family home in a reasonable price range and adding an ADU (making it essentially a duplex). 

Essentially the commission doesn't hit the agent as income which can potentially help with taxes, too!

Below are those items:1) Stove eyes2) Chimney top3) Bathroom knobs & toilets fixed (toilets in both bathrooms)4) Threshold in between hall and Living roomI'm looking for a couple quotes / estimates for this work.

@Bellman Tumasang When I bought the house it had 4 bedrooms and 1 bathroom.