Complex tax ​​issues … OWNER = home ownership for the first time?

My husband and I bought aa four complexes through their own funds. We rented three units and live in one unit. We report the income as rental income. I try to understand if we call first-time buyers, if you buy a single family. I looked at the definition of "owner", but irs.gov is still unclear, because we live in rent, the IRS considers "personal use of the dwelling" and not more specific. We want that crummy apartment and a "regular" single-family home. Thanks for any advice.

My husband and I did the same. We have already filed our taxes. HR Block did not give us credit.

Owner Financing, Rent To Own, Lease Options, Lease Purchase, Contract For Deed…

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Owners reap rewards tapping into Cost Segregation Studies.: An article from: Real Estate Weekly $5.95 This digital document is an article from Real Estate Weekly, published by Thomson Gale on April 5, 2006. The length of the article is 1094 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Owners rea…