Furthermore, electing to be taxed as a C Corp entirely changes your taxation, usually for the worse. 

You can usually get one for 90% LTV minus the mortgage.

Depends on the project...but I would usually have the flooring guys get finished, and then install case & base molding.

Except you’d also have to make up the interest expenses on that extra $500k you borrow, so you have to make that plus $2,500/mo profit (another $30k) to pay the interest. 

Usually, the rental income is considered effectively connected with a U.S. trade or business, and therefore, it is taxed under the effective regime.

I pay 6% interest only on free-and-clear houses, and have also taken over mortgages, subject to the existing financing.A rental ought to be on your tax returns for 2 years before lenders use the extra money as income.  

@Yasmin Sharbaf if it’s not new construction, your agent would usually have shown you current tax records including what they list as square footage, especially if that was a known concern of yours.

If you believe the monthly savings is worth the extra $3 grand upfront, do the buy down. 

...and how much more revenue are you usually seeing for a MTR compared to a LTR? 

Just keep in mind, they are people just like you and me and under stress, so they need to be treated extra nicely.