Nuns sweeten deal for second-home investors

The number of homes purchased as second residences and as rentals continues to be a greater percentage of the total housing picture. For parents of students headed off to college, back-to-school often means shopping for clothes and off-campus shelter.

In a recent column, we addressed the possibility of researching homes in a college town as an alternative to dormitory living. From a tax standpoint, the arrangement could either be a second home or an investment property.

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