Do You Use Your Own House As An Office................
.......and deduct it as part of the expenses for your rental business? If so, will you lose the home owner's homestead exception for tax purposes? Do you deduct one room and if so, would that be like 1/4 or 1/5 of your total house expense, meaning mortgage, utilities, property tax, etc.?
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I read this book when helping my daughter with her rental. Great book on the subject:
http://www.nolo.com/products/every-landlords-tax-d...
I have no affiliation. I love the Nolo books though, and this one is great for helping you on deductions, and deciding whether to repair or replace, etc.