The duplex rental idea is actually genius because when you purchase, it’s a primary residence, so your interest rates are better and you don’t *have* to put down 20% like you do on a regular investment property. Also, if you ever had to replace a fence or roof that’s joint on both, you could deduct it from your taxes. If you had a home warranty that covers both, you can deduct that too. And of course any other repair expenses on the rental side.

I haven’t done it but I think it’s a great financial move. I don’t know how I’d feel living right next to my tenant but if you’d be okay with them hearing some of your life through the wall and vice versa, or them constantly at your door for repairs (depending on the tenant and the age/condition of the property), then go for it!

I’m sure there’s a period of time you’d have to live there since you’d be purchasing as a primary residence, but you can always move out later and rent the second duplex.

Prison