Quote from @Hong Yang: So I'm trying to figure out the best return from these two mortgage options.

I see Study and Action as two equal parts Yin/Yang.

Hey, @Ashley GishI have not seen a lot of people talk about it, but one thing I would look into for yourself is that you can actually claim up to 2500 in tax deductions on student loan interest depending on your MAGI when you do your taxes.

Obamacare jacked the rate up by 3.8% if MAGI is over $250k.So yes, you have cause to be concerned.

@Aaron Yang If you want cash flow, look at 32208, 32209 and 32206.

Welcome @Lee Yang!

Losses from rental property are considered passive losses and can generally offset passive income only (that is, income from other rental properties or another small business in which you do not materially participate, not including investments).If these passive losses exceed your passive income, they are suspended and carried forward indefinitely until future years, when you either have passive income or sell a property at a gain.Generally, the only time passive losses will offset your ordinary income from a W-2 job or another trade or business from passive activity rule which says you can deduct up to $25,000 in passive losses against your ordinary income (W-2 wages) if your modified adjusted gross income (MAGI) is $100,000 or less.  

@Wei Jie Yang - it depends on the location and size of the home. 

@Moly Yang  I don't believe there is a law that requires a buyer and seller to use an attorney or title company to close, but it's just best practice to use them on all transactions. 

Per the article, often these cases get settled (read: you pay the tenant $$$ up the ying yang for them to "go away".)*  If the impending case above  ends up favors tenants, it will make it that much more difficult to raise the rent to change the tenancy.