Loan interest is deductible based on the use of the loan, not the asset securing the loan. 

., the appraisal for 5+ is at least $2k-$3k) and the financing structure by lenders because Fannie/Freddie don't generally buy loans for commercial properties.So, for you personally, the biggest driver for the type of your next property is probably going to be the amount of a down payment/equity you can put in the property.

Possibly break loan covenants and can't cure default, lender takes back property.  

This should roughly take me to 150k per year and carry the loans for land and construction.

Consider a 15 year loan.

There was also a loan grant available from the state of NH for first time home buyers for 3% down payment assistance.

Second year distributions rise to 5.27%, third year 7.27%, according to the projections.Those projections may be at risk, for many reasons: the recent huge increase in interest rates -- increasing the cost of loans and decreasing valuations, insurance costs have skyrocketed, real estate taxes are up, labor and material costs for repairs & renovations have increased, etc.On the plus side, the majority of the ODC funds were designed to be high value add projects with plans to increase operating efficiencies, add tenants and raise rents.  

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

LTV 70% Loan $440K.