Unless the borrower is self employed and takes a lot of expenses to show lower income on their returns then it usually makes sense to pay a couple thousand a year in higher interest (you can pay like 4,000 a year in additional interest for DSCR if you are saving 30+k on your tax bill kind of math lol)

.💡 Tax AdvantagesThis is where my tax brain gets excited!

Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?

Post Dodd Frank sellers have continued the same bad practice of selling houses to occupants with financing at selling prices that are way high, can't be justified via any type of 3rd party valuation (appraisal, zestimate, tax value, even recent sales in the same area).   

I understand I wouldn't get the benefit of tax deductions, but what else am I missing that makes this a good deal? 

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

Do you know if that could work the same with something purchased at a tax auction?

I'm looking for referrals for a custodian, tax attorney, and a CPA to set one up and advise me.

We also got them to have it professionally cleaned, ducts cleaned, they threw in some furniture for free, paid a lot of the closing costs that buyer usually pays, paid most recent mill levy instead of prior years taxes, paid my 2.8% commission, etc. because it is a buyers market and that's what you can negotiate in a buyer's market. 

That is great info Sabrina Marie!