We all wait with bated breath for the extensive thank you note they will write on their way out.

I’ve heard we can write off or deduct 3/4 of the mortgage interest, house insurance, and repairs.

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Someone with $10M in the bank in cash just needs to put a lot of money to work and time value and tax write off is more interesting to them than a hungry investor in their 20s that has never found a deal.Honestly, books are great, but they are about as "boiler plate" as you can get as I'm sure you're discovering.

Before you write an offer ask: other than price, what else is important for your client?

You wouldn't want to pop a 2% balloon unless you sold the property, but make sure you write it as assumable so you can sell it.  

., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.

However I would say those lenders would be more willing than a bank to write the mortgage, and after completion you can refinance it.Overall, its probably easier and better use of your time to just find another house that doesn't require the construction and where the numbers make sense.

I'm just going to write up an addendum to terminate these addendums. 

That's 50k a year gone and you are losing tax write-offs and equity potential.