Understanding The Income Tax Implications Of Tap Home EquityPrior to the passage of the Tax Cuts and Jobs Act of 2017 interest on up to $100,000 of second mortgage debt via home equity loans or HELOCs was tax deductible no matter how the money was used.

IF you cut the lease 4 months early on me, you have cost the landlord 4months of that amortization, or $1,800/12*4=  or $600. 

If not try getting a 2 bedroom condo and renting out the 2nd bedroom to a good buddy of yours to help pay the mortgage and cut your expenses.

Those will exhibit the opposite of an inclined business cycle.I believe that an Investor can intelligently determine whether then business cycle will be inclined, declined or just horizontal by understanding what happens to their particlar neighborhood during the down cyle part of the business cycle.For instance, in the downturn, it is normal for Cities to lose money, and therefore cut services.

Even if it’s in a bad area, not having to call & coordinate repairmen & your tenants & cut 100-400$ checks every month is SO worth it. 

But first, I would like to cut my teeth on flipping a SFR and hopefully proving to my wife I’m not a fool or crazy or both lol.

Except it turned out to be a life-sized, cardboard cut-out of Luke Skywalker or something.I used to have a cut-out of Nacho Libre in my family room and it would surprise us sometimes.

They filed charges against me for not cutting my grass and took me to court.

It is even harder to find a deal so good there is room for you to take a cut too. 

Is it a simple cut and dry process with no adverse affect of taxing?