You are going to need to see their tax returns to see if they are telling the truth.And what is the interest rate that they are offering you?

The other watchout is if you lose your job you are required to pay the money back quickly, like 30-90 days with most 401K's or the loan gets converted to a withdrawal that comes with tax implications and penalties. 

(Loan paydown, tax savings, etc etc..).

Of course, I had to make additional assumptions about the cost of property taxes, insurance etc. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

The Annual Owner Statement should break down all the expenses that the owner's tax professional then figures out how to deduct and on what tax schedule.So that way the owner can expense everything throughout the year?   

David,Yes, investing out of state can be a wise choice especially if you live in a State like CA, NY, NJ, CT where home prices are over priced and taxes are brutally high.

Bonus depreciation will finally be phased out in the 2027 tax year This is well said

.• Public Records & County Websites:Local county appraisal and tax records can be a goldmine for owner information.

Did you inherit this home with a step up in tax basis or will you need to pay taxes on any gains if you sell?