The increased cash flow would make such a substantial difference in your daily life that not paying it off would be foolish.Outside of that, I can't see many reasons I would take a 15% tax hit to save 4% on a mortgage, which is really only effectively about 3-3.5% depending on your tax bracket.

Essentially, instead of being able to write it off immediately, it lowers the purchase price for tax purposes, meaning depreciation will be calculated on a slightly lower amount over time.

A tax professional can help determine if you meet the criteria for deducting expenses in 2024. 

Did you not get a copy with your 2023 tax return?

For those with a W-2, perhaps optimizing 401(k), H.S.A. deductions to potentially get tax benefits.

I recommend speaking with a tax strategist to discuss options to reduce your tax liabilities without becoming an S-corp. 

At least ensure you are getting proper tax advice.C corp and s corp are both US federal tax concepts, not business entities.

Single you get 250k exclusion of taxes, married 500k exclusion of taxes on profits.https://www.irs.gov/taxtopics/tc701 

It is a tax write off.

My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals .