Assuming their income is low enough they don’t have to pay any state or federal taxes…Assuming they don’t have a car as the payment and insurance would pry be $800/mo.Assuming they don’t have to pay any utilities as that would probably be $300-$400Assuming all their food is provided by the school or that would be $300-400 minimumAssuming school is costing them nothing out of pocket.

Boost for Affordable Housing & ExpensingThe bill expands the Low-Income Housing Tax Credit (LIHTC) and keeps capital expensing front and center.

As you transition into ownership, especially with low-income housing, keep an eye on maintenance costs, tenant stability, and any deferred issues he may have let slide.

Be mindful that the 0% tax only applies upto that amount including all your income(W-2 + capital gains from sale of real estate).A lot of people think that just becuase they make less than $50,000 that 100% of their capital gains would be excluded.

Your house. 

The low score is due to a recent lawsuit he lost.

The distinction between active and passive income is so important for investors, and the RE Pro status is a game-changer for offsetting active income.

Quote from @Bernard Golden: Hi: Have several wholly-owned properties with Section 8/Housing Voucher tenants.

If your goal is to exit the 9–5, I’d suggest first buying a primary residence (maybe a small multifamily or house hack) so your housing costs turn into equity and possibly income.

How much did you parents pay for the house you grew up in?