own a 2 family house, FinAid consequences living there or not? Advice please.

<p>You guys lost me a ways back and I have rental property. A $500 fridge is a $500 fridge. It’s $500 out of your pocket. It doesn’t add to the value of the rental asset and you can depreciate it or not depreciate it, expense it or not expense it. $500 out of your savings on the day before you do your finaid paperwork probably isn’t going to chance your EFC for FAFSA or mean anything much to a profile school. You’re not lowing the asset of the rental property by putting in a fridge and probably not increasing the value of the property. Calling savings/checking assets is a stretch…like sylvan say’s it could be $500 in groceries or $500 to a medical office or $500 to fix your car. It’s $500 you have one day and don’t have the next.</p>