Your mortgage has nothing to do with your taxes.Here is a very rough starting point, however the actual calculation will involve more details:1.

She actually was a junior attorney in the closing of my house and decided to no longer practice law and become a realtor instead,  her legal knowledge is extremely helpful.When you are buying you can use my strategy. 

@Matthew Samson, The conversion into a rental and then 1031 can actually be used with the primary residence exemption as long as you watch your dates.Your parents move out for a year and convert the property to investment. 

Definitely going to consider everything including your last point about 0% interest credit to actually execute the flip and get materials/labor.

That was right up until we started purchasing rentals.We have an LLC so we actually pay $400 per year for our LLC to file and then another $150 for us to have our personal taxes done. 

Some will actually charge you to use your own unit, so be careful.

If you’re interested in investing in real estate, you can consider doing so with a Self-Directed IRA to defer taxes on capital gains until you actually withdraw the funds from your IRA.

They actually owe more than they can sell it for.

We actually do a real estate investor meetup on the first Saturday of the month in Kihei at South Maui Gardens.

Pace actually answers his DMs, which is almost unheard of at his level.