Interest on a loan used to buy or improve a rental property is ALWAYS deductible against that rental property.

Because they buy into the dream the guru promotes?

Most buy the entry level SFH because its what they are qualified to purchase.  

I am buying a duplex about 80k under what it will appraise for.

I ask because we only buy houses around the southern US (TX,OK,AR,TN) but we're curious to know if more opportunities to buy foreclosures could potentially exist in other markets. 

.: So in 25 years people that buy now will be glad.

The biggest question you need to ask yourself is if you are doing this to afford a property you otherwise couldn’t afford or to save money period, that will lead to very different conclusions about where/if to buy. 

@Cameron Porter half off of a $30-40K price may not be enough to make a purchase work.We've seen clients quickly get upside down with Land Bank purchases:(So, proceed with caution and hire a great inspector and contractor to go thru the property before you agree to buy it.

It sounds like you are trying to buy a second property with less of a downpayment than 20 percent.

Hi, We're looking to invest in properties in Detroit preferably with the BRRRR strategy. We would love to work together with a organization that sells the property and has services like rehab network, financing, prope...