The 1% rule is an old metric.

If that's not an option, I would recommend he look into his state and local municipalities' rules on how to handle abandoned vehicles.

The interest would be tax deductible due to interest tracing rules. 

I would check the rules in all of your jurisdictions.

We certainly haven't ruled out investing in Wisconsin, but we have friends and family that live in both CLE and CBUS, so we travel to those markets fairly often.

You can make the mortgage Have a balloon payment in 2 1/2 years so that you don't miss out on the IRS tax exemption rule of living in your primary home two of the last five years.

The general rule is: to anybody who was paid by you for services (work) or who received a profit distribution from you – if he received from you a total of at least $600 total during 2023.

I discuss every house rule. 

Whichever loan that you decide to use, the interest will be tax deductible due to interest tracing rules.

Any action in your market regarding these rules/laws etc. ?