Are there other ways to reduce my mortgage that I am not aware of (besides refinancing)?

House hacking with two children can be tougher than expected because you will always need to take a larger or the largest unit which will reduce your cash flow on the property even more.

Partnering with others can reduce risk and access better deals.

Delaying the closing to 2025 would reduce the bonus depreciation rate to 40% (unless Trump changes it).This post does not create a CPA-Client relationship.

He's very thorough with this standard inspections and he also offers "investor due diligence" inspections at a reduced rate.

I think your income easily justifies a common-sense, time-proven method: increase earnings, reduce expenses, save, and invest.

Now, I will suggest the following:Create a financial plan that includes the following:One year goal: reduce your expenses, including credit cards.

You cannot beat the power of an ADU for peace of mind, leveraging your home to pay less monthly and reduce your expenses and give you the experience and confidence of doing constriction, getting permits and working with the city and managing a very easy rental.

House hacking is a great strategy for beginners—it lets you reduce your living expenses while building equity.

sometimes to reduce borrowing costs, I'll use a hard money loan solely for the purchase, and then pay for the rehab in cash or use a 0% credit card (I don't recommend that for new investors!)