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).

Hey Corey,Here are some pros and cons of your optionsSeller Financing + Separate Renovation LoanPros:Low Down Payment & Interest Rate: This could significantly reduce your initial cash outlay and make monthly payments more manageable.Cons:Financing Rehab: You might consider a personal loan or a home equity line of credit (HELOC), though these often come with higher interest rates.

By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

A number of landlords have also expressed difficulties with the program's bureaucracy and administrative procedures.As with any other application, it's imperative to thoroughly screen Section 8 tenants in order to reduce dangers.

Plus, insurance premiums are expected to go down by up to 50% due to the El Niño effect, which means fewer hurricanes are expected to hit Central Florida, and new legislation reducing fraud provides another great advantage.

They may suggest staining it or just cleaning it and leaving it.Generally speaking, it is not a great idea to get a tenant to do things especially if they ask you for reduced rent to do it. 

Since you are a queens agent, honestly speaking what challenges are you finding investors facing when renting their property in those area and what system can they put in place to reduce those challenges?

Putting some money down will help you reduce costs.. 

Operational efficiency is also crucial; optimizing operating expenses and implementing tenant retention strategies, such as lease renewal incentives or adding desirable amenities, can stabilize your cash flow and reduce costs, helping maintain profitability even if rents decrease.Investing in property improvements, such as value-add opportunities and energy-efficient upgrades, can command higher rents and retain property value better than average units.