In the classic hero’s journey our lead character has a calling but something is holding them back.

Otherwise, you'd have to hand over your personal records and show which income/expenses are attributed to the investment property --- potentiall awkward to say the least.Also, don't forget that all but one conforming residential loan requires owner-occupation. 

The IRS says that the property acquired was not substantially the same as the property identified because it differed in its basic nature or character. 9.

(I can see a very similar argument from the opponents as you saw over the Airbnb/short-term rental fight ... it will change the character of a neighborhood ... it'll be nothing but parties ... transients!!!

The older and more character the home has, the better.  

But these are macro-economic trends primarily attributed to the Millennial and Baby Boomer demographics who typically are not leasing at this type of property.

Interest attributable to cash sitting in a checking or savings account is investment interest expense, which is deductible up your amount of investment income if you itemize. 

@Jasmine MooreI don’t know if the deal is great or not, but based on the limited amount of information provided, I have my suspicions.Many of us experienced investors, who have looked at, analyzed, rejected hundreds, sometimes thousands of deal offerings, know that inexperienced investors are often influenced by the wrong deal attribute, use incorrect analytical criteria, and place way too much emphasis on perceived potential.

@Collin Chan I thought you were going to start describing yourself as the main character from Rich Dad Poor Dad.

Friends, family and acquaintances know my character, what I do and how I go about it.