I’d just be giving up my freedom and a boatload of tax deductions. 

You’ve already gotten some great answers, but I just wanted to emphasize the house-hack angle, especially from the tax side.

You really need a solid tax strategy and coordination with a CPA to make sure the timing and requirements line up.

There're tax consequences, and they have to be examined if the property has indeed been transferred. 3.

The 7 Material Participation Tests If the 7-day rule is met, you must then satisfy at least one of the seven IRS material participation tests during the tax year.

From a tax perspective, leveraging the equity in your current property is a great strategy to fund your next investments.

Hi,  Any advice  I live in Texas, my portfolio is increasing in value and so are my property taxes This is despite contesting them yearly. at the same time recent new construction of Class A multifamily properties  have pushed my rents down.   

Understand the tax implications and advantages of each one.  2) Location & Laws. 

Obviously, we are paying a lot of tax, but we have never seriously thought about reducing the tax that we are paying.

If you haven't refinanced yet, remember to pay your property taxes.