She quickly found us another home which we fell in love with although it was above our price range.The deal was made and we got into our $150,000 house (plus the VA funding fee) with only $2,500 in closing costs.

Any tax advantages are merely a BONUS side product.The way I figure it, the OP should still be up for more tax each year than if he fell for the trap of investing into negatively cash flowing properties PURELY for the tax deductions and hope of future appreciation - but, not NEARLY as much extra tax than if he hardly leveraged his investments at all.

We recently (yesterday) fell out of contract with a buyer who was going to purchase the place for $211,000.. after closing costs, giving us a nice profit of +- $70,000.

I've closed 2 complicated deals last month at lawyers and both fell apart.

Previous offers fell through likely because $7k in past due and special assessments were due.

I took a break, but you just motivated me to pickup right where I fell off.

She fell in love with a home.

I could not agree to this and the seller could not agree to a lower price to compensate for the above and so the deal fell through.As you see above although the deal fell through, I believe I learned something about the types of loan out there, closing period and alternate lenders.

In the past year we have had offers on 2 multifamily homes in Northern NJ that fell through for different reasons. 

I am working on a deal and funding fell through.