Forgive me for piggybacking on this thread. I am currently looking to upgrade as well but seeing as we bought our duplex right before the recession, the current value is well below what we bought it for. We have thought about buying now and renting out or duplex for the foreseeable future, but I would like to know what exactly I am walking into before we pull the trigger.
What exactly are the tax implications, do I find renters myself or go with a property manager etc.
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