3) Remaining $5625 is reimbursed to me as home office expense.

Held in my property entity that I purposely keep a low balance and doesn’t show a lot of income.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

• The “Tour Guide” makes the opposite mistake: they spend all their time pointing out flaws and justifying a low offer.

I guess from an "all things being equal" framework, what are the variety of reasons that an older home are more expensive to insure than newer homes? 

A little about me for context: I live in a very expensive market in Rye,NY. 

These range low 500s to the mid 600s.  

Your depreciable basis is determined by your purchase price and expenses, not the seller’s loan balance.

If there is a property manager, your success rate is going to be very low.   

And with brokerages now offering new agent programs where they will pay 100% of the expense to get licensed, there is literally no reason not to.