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      06-29-2020, 06:27 PM   #9
Reborn_
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Drives: 2007 BMW Z4MC
Join Date: Dec 2014
Location: SoCal

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yea so the biggest thing, if you do your taxes by the law, is that you can't simply write off everything as an expense. You will only write off a percentage as reflected in the use of the property (i.e. 60% personal, 40% rental, then you could only write off 40% of your expenses to offset the rental income). There's no magic about gaming your taxes - determination of secondary property or investment property really only matters for your mortgage options, not your tax situation (assuming you will split the use as personal and rental).
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