Your tax-free VA disability income helps you qualify for loans and lowers your taxable income.

Not only would it decrease your monthly mortgage but you'd be able to get into it with a very little down payment since you'd be living in one side of it. 

At the same time if you as the customer are rigid in your payment abilities, it may decrease the amount of contractors that you'll be able to have do your work.

Cleveland, Baltimore, Toledo, Indy etc....You will see net population decreases in most of these areas but these are the areas where the prices are the lowest in the USA and come with rents that are very high when compared to the sales price.

This allows for deferral of capital gains taxes until December 31, 2026, with potential reductions in the taxable amount if held long-term.

We’re looking to increase our lifestyle through the decrease in housing and built a little passive income medium term. 

The loss created by section 179 is limited to your total net taxable income amount from all "active" business income you have, plus any W-2 income. 

Most 401ks give you 30 or 60 days to pay back a 401k loan or they count it as a withdraw and that is a taxable event. 

Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.

Quote from @Basit Siddiqi: Quote from @James Wise: Quote from @Basit Siddiqi: Strange that you mention that you are looking at Toledo and Cleveland when those two cities are also seeing population decreases.