AJ, that's exactly what I did and in 2017 (before new tax law) it was limited to $100K and I deducted its interest as line item on itemized deduction per advice of the CPA from TurboTax and that was inline with my understanding as well and in line with other star CPA's such as Tom Wheelwright and others. 

ANd for me its really just relating my personal experiences in many types of real estate endeavors i have been in over the last 4 decades.. does not make me a super star in any way shape or form..

@Leland Smithwhy spend $5k per bedroom when you can furnish a STVR for $1200-$1500/bedroom with 4 star hotel suite furniture.

Another big mistake that I see from people who are trying to get started in the industry is that they want to be the star too soon or want to get paid right away for everything that they do.

You can try a seller finance deal and negotiate something low on that, but those are very hard to find and all the stars have to align.

I use Star Office, but attaching Star Office format docs would be useless to most folks.Jon

Our homes also include Energy Star appliances and numerous water saving features.

There are some special programs out there, such as the $2,000 tax credit for building an Energy Star qualified home.

Here are two things that people tend to forget about the 50% rule:- Your expense ratio is going to seem to trek along at well below that 50% number for a long time.

In a moment of weakness this evening, I clicked on the shiny star and proceeded to fill out the on-line form to upgrade to a "Pro" membership.