Incredible Vacation Home For 20 Years Converted To Primary Residence 2022. With a vacation home, youll need at least 10 percent. Down payment generally, you can buy a primary residence with as little as 3 percent down.

As stated above, a taxpayer forfeits the pre. We have owned a rental home in paradise valley, arizona for eight years. Is it just a friendly suggestion not to live there in wintertime, or is it a legal term implying that the place cannot be converted into a primary residence?