Homeownership

Your clients, Holly and Jim, are considering buying a home.  They have lived in an apartment to save money for two years and want to own their own home.  In addition, they are eyeing a possible purchase of a beach house as a rental property within the next five years.

They have come to you for advice about the benefits of homeownership.  Choose a topic from the chapter related to homeownership or owning a rental home and expand on the topic by explaining the rules supporting it.

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Homeownership
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Discuss at least one tax-related advantage of home or rental property owner that you would share with Holly and Jim. For more information on Homeownership read this: https://en.wikipedia.org/wiki/Owner-occupancy

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