This would raise our mortgage by ~ $700/month, which is a lot, but still makes our total mortgage payment well below rental on a 4bd, 2 bath.So, my question for the great minds of BP is, is this a good idea?

I do have equity built up in my home, but I don't want to be saddled with yet another payment.

I have two questions regarding mortgage interest tax deductions.First, last year, I purchased a HUD property at a significant discount and used a $70,000 HELOC from my primary residence for the down payment.

Mortgage payment is approx $1800.

There are loan programs that will do a 20% down payment with a 680 or above credit score. 

I tried to look up properties that I could buy using my $6,000 bonus as a down payment but I was living in Los Angeles and couldn’t even buy a shack.

The main thing that pops out at me every month is that less than half of my payment goes to paying the principle down, over half goes to the interest, taxes, and insurance, ect. 

For example, the buyer, if they find problems with the property or stop making payments, can blow up the seller's credit.

am working with them now and had the first policy (with Spinnaker) cancelled for nonpayment/late payment so we rewrote another policy (with Millenial) and having the same payment problem again but at least they are communicating that cancellation is coming. they want me to pay by credit card over the phone so the payment wont be late and cancelled again. but when i go to mycoverageinfo.com to check on status it shows its been paid.

I did my research and requote what would benefit both me and the investor, below is the Finalized CORRECT format of the proposal:Listed price on the property: 459,900MAXIMUM amout of money down on the property: $380,000Method of Payment: CASH OFFER from Investor.