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Living in your Investment Property?

I'm looking to invest in multi-family homes. My end goal is to own apartment complexes.  How would living in one of the units on my property effect my taxes? Would I be taxed as a home owner, or investor?
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October 11 2011 - US
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Answers (1)

The best source for your question is going to be a tax expert or a CPA, since most mortgage and real estate people are not licensed tax consultants.  If, however, you are buying a 2 to 4 plex, you can do so as an owner occupied property. The rents/costs/taxes/insurance would all be part of your tax returns.  Great way to essentially "live rent free".
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October 11 2011
 
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