Steven Hamilton II brings up several good points.In order to qualify your home as a principle place of business it would have to meet the same requirements generally of a home office.

As a principle, I only buy properties in good school districts.

I am not objecting to the numbers.

My comments boil down to the age old laws of supply and demand---supply (lack of land that is) and demand (presence of wealth or future growth) are economic principles that can't be disputed.

Your earnest money will go into the principle, you don't get that back as a refund.

Simply getting the mortgage payment to a level that will allow cash flow is not the objective.

``I urge the Senate to swiftly consider this legislation and make it temporary,'' the statement said.Some Republicans who supported the bill overall said they would have preferred the provision be temporary and objected to raising the taxes on the sale of second homes.

In the past six years, I have rented, rehabbed, and/or leased over 25 properties all across the US.My main objective of branching out to this forum is to gain knowledge and network with ethical real estate investors.Thanks for your time!

The lender in 1st can not object.

EZLoans--I scout with a different objective than I think you are speaking of in your post.