Be very careful. If you are in the US, you might want to speak to a tax attorney.
The IRS treats property rented out at less than fair market value as a personal residence.
Your tenants may have to treat the difference as income, and you are not eligible for many of the usual deductions for investment property.
Be very careful. If you are in the US, you might want to speak to a tax attorney.
The IRS treats property rented out at less than fair market value as a personal residence.
Your tenants may have to treat the difference as income, and you are not eligible for many of the usual deductions for investment property.