If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

You can actually to to the NMLS's consumer access page to look up a lender to check licensing.

Stay away from any screaming deals near Rockwall lake, that area is actually a flood plane and got flooded a few years ago.

Hey @Danae Pitcher, so we have had a 7 day stay for early Thanksgiving, but nothing for actual Thanksgiving week.

That's a good policy across the board, actually.

@Akash AgrawalYou can have single person on mortgageThe issue about deduction is who is actually paying the mortgage?

It was pretty wild I brought my plane down from Oregon and had it hangered at Hawkins field which I did not realize at the time was the middle of the hood.. but it was safe and Jackson was a good base to fly to my other markets.

And are you asking for replacement value or actual cash value?

What do you mean the average rent is higher than the actual cost of the houses?

It's actually to rent to a section 8 family which is *very* important to my wife and is facing housing insecurity right now.