Well I have seen this come into play - I had someone who has a note in florida that was a non-owner occupied loan and the lender claims the borrower failed to make payments on this and attempted to record the deed in lieu.

times 3 years or $52k in interest.

@Daniel Na https://www.wikihow.com/Calculate-Compound-Interest

@Ryan Cousins it's really going to depend on YOUR analysis/projections of what you think the property will be worth in the future.You'll want to compare that to any capital gains tax-savings if you sell now.

Hello,I am interested in purchasing a recently renovated $195K property as a 'secondary' home for the next 4 years to use as a future LTR.

I’m not local, so I’m trying to get a feel for what it’s actually like making deals in this market right now.

Now, I'm imaging a scenario when every one of these tenants move out that I'll be paying their entire security deposit + interest even if there are damages beyond normal wear and tear. 

For me, it wasn't a book that got me into this but it was a conversation I had with a client while I was a financial advisor working for Merrill Lynch.

Im going to do more of that this year.  

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.