Why spend time and money fixing a bad deal why not start fresh with a new good deal? 

However, this will decrease your tax basis in the property and any amount you deduct as depreciation will be taxable at the 25% capital gains rate for real estate when you sell the property (assuming you do not take a loss on the sale).As has been mentioned already, taxes are a tricky topic and the laws change all the time.

This part of town seems to offer more affordable options while still being relatively safe and convenient for students.The goal is to:Provide housing for our daughter and her friends starting January 2026 (spring semester).Structure the purchase as a primary residence, so we can qualify for better mortgage terms.Include myself, my husband, and my daughter on the mortgage application to strengthen our position and meet the owner-occupied requirement.Convert the property to a full rental down the road once she graduates.We think the $30,000 should cover a 5–10% down payment plus closing costs under the primary residence structure, and the property would serve as both a short-term housing solution and a long-term investment.Would love advice from the community on:Does this sound like a smart way to combine student housing with a first-time real estate investment?

I do not think Buildium sync with QB.As for the OP—you run the PM so you have full access to Buildium?

After 15 months of patience and good faith communication with Robert, we have turned this account over to a collection agency and will seek all legal avenues until we are paid in full.

I also work full time as a project manager in commercial concrete construction.  

Most people think of Myrtle Beach as a vacation destination, but the full-time resident population of Horry County has been growing rapidly... 18% over the past 5 years. 

Hello Everyone,I work in real estate development by day and also build financial models for investors in my spare time.

This isn't about the 1% rule, we could  be talking about a full multi year workup of income and expenses.

Think of it as “buying down” a better cash-flow position.Refi Timing & FHA StrategyYou’re right that FHA requires 12 months of occupancy, so realistically you’re looking at a refi into conventional after year one.If you want another FHA in year two, your only path is to stay in this one, refi to conventional after 12 months, and then use FHA again.Keep in mind: refis aren’t free.