The short answer is yes, but you do need to be careful about how you go about doing it so that you can still claim your tax deductions and that you can have a smooth rental process. More on renting your property to yourself or living in your property whilst renting it.

Can I stay in my own investment property?

You can live in an investment property, but most people choose to rent them out either as someone’s primary residence or vacation rental. Even if you intend to reside in the property yourself, any property that you’ll rent out may still be considered an investment property by lenders.

What is a single family investor?

Investing in a single family home is basically investing in a house or a condo to rent it to a single tenant. One of the simplest definitions of single family rental property investing is getting paid for what you own, rather than just paying to own it.

Can a single family home be an investment?

One’s primary residence is hard to justify calling an “investment.” The first challenge with single family homes as an investment rental property is that it stands alone as its own mini-business. That adds to your workload in many ways. The lack of shared maintenance compared to owning, say a duplex or triplex unit, is no small matter.

Which is better return on investment, condo or single family home?

As with all real estate investments, it depends—on the particular property, location, market, and other factors, such as the annual return you expect on the investment, or cap rate. Some of the relative pluses of single-family homes over condos include:

When does a single family home become a rental property?

A vacancy in a single family home or condo means you will have zero returns until you are able to find a tenant. The second home or vacation home becomes a rental property when the homeowner decides to rent it out when they are not there. An example would be a family who owns a beachfront condo in Miami that they only use from December to February.

Where can I find a single family home?

To find single family homes and all other kinds of properties around the country, start your property search on Mashvisor. Start Your Investment Property Search! Start Your Investment Property Search! Hamza is a long-time writer at Mashvisor.