@Tyrond Duplantier Jr. if the loan falls under conforming agency loan (FNMA or FHMLC) then you should be eligible for Delayed Financing.  

A tax deduction is only worth 25% or so of the cost.

But then I started to wonder if this would have implications on the tax deduction of our primary residence mortgage?

So if your actual profit is $180k (often what people consider profit isn't true taxable gain) then your income is now $180k (Give or take for deductions/credits)  for the year- and your gain will be based on that accordingly. 

It seems better to buy the property and have them rent - for depreciation, repairs as deductible etc.

(Yes, the new tax law limits you on how much you can deduct, so please check with your CPA.)Option #2 you are an investor. 

@Adam Kerr those costs would be deducted from gross revenue to determine the Net Operating Income (NOI), then you divide by the cap rate to determine the approxiamte value.

Could come from undervaluing the property, High Deductible, big liability loss, etc. 4. limit of liability.

.), part of the eligibility requirements are the following:• Credit-worthy single-asset U.S. borrower with U.S. ownership• Borrowers may have indirect foreign ownership interests, subject to proper structuring of the borrowing entity and its parentOur investors are mostly Canadian and South American, with a small minority being from the US.

I also make tenant have a renter's policy with liability insurance with me as additional interest, so if she has that, you'd have a copy of the policy and your insurance should be addressing this issue with her insurance, likely covering your deductible.