The profitability of the investment may also be increased by arranging for a balloon payment, extending the repayment time, or negotiating a reduced interest rate.Thirdly, consider the advantages of purchasing the property using seller financing in the long run.

What I mean by this is that it seems to me that as the course of the note is paid, the equity is being reduced and more importantly, how this affects your net worth. 

Since he is silent, you can get the LLC w/ SCorp since you are flipping to reduce taxes.

We are looking to begin this process with the primary motivating factor of reducing our tax liability and then creating some generational wealth for our kids.

House hacking can reduce housing costs and build wealth by providing tenants and property appreciation.

@Mateo GarzaHouse hacking and live-in fix and flip are two strategies in San Antonio, offering steady income and reduced living costs.

The loan programs you are reading about are PURCHASE loans with 10% down not refinance ones which reduces the loan to value even further down. 

It’s also prudent to review and update your properties' safety measures, such as installing fire alarms and security systems, as these can sometimes help reduce insurance costs.

It's true you get a tax deduction for your mortgage, but you also pay taxes on whatever else you decide to do with that money.I would list all of your known investment opportunities, what you think the after tax returns would be, and a risk level 1-5.If paying the mortgage is a clear standout on that list on a risk/reward basis, I would spread out the $60k over a period of time and apply it to principal.You might have other goals like cashflow or reducing risk which might weight towards paydown also.

They both took a month to sell, sold for WAY below initial asking price (we had to price-reduce, which we had never had to do before).