Whether or not you can generate tax savings out of it is not guaranteed without analyzing your situation.

It’s a business based on generating high net cash flow from a property.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

Hey buddy, I do Lead generation and acquisition of property in El Paso Texas, which is 30 minutes away from Las Cruces.

It’s only through investment of capital for marketing, software systems, lead generation, call centers, attorney drawn contracts, title searches, etc. can someone establish a VIABLE business.  

Both are huge magnets for professionals to rent.With a condo/TH you'll have to factor in HOA fees, but there are some nice options that would generate higher rents.I have a California-based BiggerPockets client who purchased 8 homes in one year in the Southwest Valley.

There is no monthly fee, and no Wi-Fi required, and you can still generate codes remotely.Let me clarify, because the "Wi-Fi not required" thing can generate a lot of questions.Summary: You do NOT need to be connected TO THE LOCK via the Internet.The lock does not need to connect to the Internet at all.

I currently manage two single-family rentals, each generating 10% gross cash flow.

Fannie Mae’s 5% MF loans seem perfect for this even though I’d have to prepare a higher down.NJ State down payment assistance and a NJHMFA mortgage loan.This is enticing due to the $15k down payment assistance and additional $7k first generation program.

However, I have been using stessa to track my expenses and generate income sheets for tax time.