Quote from @Tom Pham: View report*This link comes directly from our calculators, based on information input by the member who posted.Greetings and happy new year to all,Would like to get advice on how much to borrow on the refinance portion of the BRRRR in this scenario.

If you’re living in part of your home and renting out a room on Airbnb, your depreciation benefits are limited to just the portion being rented.

But ending the M&O portion of the school taxes would cost the state a lot. 

Quote from @Derrick Kelley: ISO Property Management SoftwareWe’ve been using Buildium for about 7 years, but the price increases are getting hard to justify.A large portion of our tenants pay rent in cash using PayNearMe at Walmart, CVS, and other retail stores.

@Bryan SimmonsHey Bryan,Great plan and yes that is a house hack, tax wise it is a mixed use property so one part is personal and one part is a rentalIf you are remote pick the market and run the numbers, but remember the tax benefits only apply to the rental portion so you want strong income and clean trackingStarting with a 2 to 4 unit is great because you can use low down payment financing, and once you rent units out you can deduct legit rental expenses like repairs, insurance, utilities allocated to the rental side, and rental portion mortgage interestBig tax win is depreciation on the rental portion, just make sure you separate personal vs rental expenses because only the rental share is deductibleIf you move out later and convert it to a full rental your deductions expand, but depreciation lowers basis and can trigger recapture when you sell unless you 1031Also watch passive loss limits since high W2 income can restrict how much loss you can use each year

Calculation of capital gains when you sell a portion of a bigger land tract. 

First thing to understand is that with most loans, especially early on, a big portion of each payment goes to interest, so it can feel like you’re not making progress even though that’s normal loan structure.A few angles to think through:1.

The garage portion has its own electrical service and could generate separate income through vending, office use, or micro-retail, while the main residence can be rented long term. 

By using a portion of your stock market gains as a down payment, you control 100% of a physical asset’s appreciation and tax benefits while only committing a fraction of the total value in cash.3.

There can still be tax benefits like deducting a portion of expenses, depreciation on the rental portion, and offsetting some of the rental income, and having a tenant help pay the mortgage lets you save and build toward your next home and investments.Your first deal is about getting in the game.