Help with tax question with FHA Loan of 900k at 4.85%

[Rene Garcia]

My wife and I make a combined income of nearly 300k in our W-2 job. We don't own any property and are getting killed in taxes. Last year we paid about 60k in taxes alone. Our accountant said that buying a 4-Plex apartment at 855k at 4.85% FHA loan would actually give us back 30 to 40k. Therefore only having to pay 20 to 30k in overall taxes. Does this sound correct? Already qualified for 1.1MM FHA loan and looking around southern California. Just hoping someone can confirm this tremendous benefit