Did you know that there may be tax consequences if you sell your residence prior to living in it two of the past 5 years? Are you aware of what can you deduct on your taxes when you buy or sell a home? What about a refinance? Are points deductible on a refinance? The rules are different for each situation. Be clear on the requirements by contacting someone for help.
Do you know what deductions are allowed as rental property expenses. Do you materially participate in the rental property? That could make a big difference in how your allowable expenses are calculated. Whether you are in the business of Real Estate or just Purchasing and/or Selling your own home you need to know the rules.